LiteCoin Ultra (LTCU) Rises 400.59%, Outperforms the Crypto Market Wednesday

Wednesday, June 07, 2023 11:43 AM | InvestorsObserver Analysts

LiteCoin Ultra (LTCU) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has gained 400.59% to $0.227899379.

InvestorsObserver is giving LiteCoin Ultra a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on LiteCoin Ultra!

Highly Volatile

InvestorsObserver gives LiteCoin Ultra a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. LTCU's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

LiteCoin Ultra price is in a good position going forward. With support set at $-0.140238138136909 and resistance near $0.37999119773741. This positions LiteCoin Ultra with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.

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