Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has gained 3.72% to $112.04.
InvestorsObserver is giving Litecoin a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Low Volatility
InvestorsObserver gives Litecoin a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. LTC's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Litecoin price is trading above resistance. With support around $105.57 and resistance set at $111.29. This leaves Litecoin out of range and potentially in a volatile position if the rally burns out.