Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has fallen 2.22% to $149.08.
InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
Low VolatilityInvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 trading near resistance. With support at $145.36 and resistance near $149.63. This positions Litecoin with potential selling pressures ahead as it may be getting over extended.