Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has advanced 2.72% to $81.82.
InvestorsObserver is giving Litecoin a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Moderately VolatileInvestorsObserver gives Litecoin a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LTC's moderate volatility reading is coupled 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 at $78.15 and resistance near $80.61. This leaves Litecoin out of range and potentially in a volatile position if the rally burns out.