Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has added 4.59% to $61.65.
InvestorsObserver is giving Litecoin a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Moderately Volatile
InvestorsObserver gives Litecoin a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. LTC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Litecoin price is trading above resistance. With support near $57.54 and resistance near $61.57. This leaves Litecoin out of range and potentially in a volatile position if the rally burns out.