Is Litecoin (LTC) Worth the Risk Friday?

Friday, September 02, 2022 04:53 PM | InvestorsObserver Analysts

Litecoin achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

InvestorsObserver is giving Litecoin a medium Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Litecoin!

See Full LTC Report

Trading Analysis

LTC's risk gauge score translates to a moderate risk investment at the moment. Portfolio managers who heavily weigh risk assessment will find this gauge more relevant when attempting to avoid (or discover) more risky investments. Litecoin is 7.09% lower as of the last 24 hours of trading, resulting in its current price of $61.26. The price movement has coincided with volume being below its average level and the coin's market capitalization risen. The market capitalization for the coin now sits at $4,354,599,226.50 while $734,819,850.88 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives LTC an average risk assessment.

Summary

Recent price movement of LTC gives the cryptocurrency an average risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be not overly concerned on the coin's manipulability at the moment. Click Here to get the full Report on Litecoin (LTC).