Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Digital Money has gained 1.95% to $87.35.
InvestorsObserver is giving Litecoin a 23 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 23, placing it in the bottom 23% of cryptos on the market.The Volatility Gauge analyzes 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 near resistance. With support at $83.4 and resistance near $87.71. This positions Litecoin with potential selling pressures ahead as it may be getting over extended.