Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has gained 5.13% to $58.28.
InvestorsObserver is giving Litecoin a 27 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 27, placing it in the bottom 27% of cryptos on the market.The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. 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 $54.56 and resistance at $56.64. This leaves Litecoin out of range and potentially in a volatile position if the rally burns out.