Litecoin (LTC) Down 0.01% Saturday: What's Next?

Saturday, April 30, 2022 02:26 PM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has dropped 1.09% to $99.42.

InvestorsObserver is giving Litecoin a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

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Low Volatility

InvestorsObserver gives Litecoin a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. LTC's low volatility reading is paired 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 in a good position going forward. With support at $96.92 and resistance around $101.9. This leaves Litecoin 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.