Litecoin (LTC) Falls 0.01%, Underperforms the Crypto Market Thursday

Thursday, March 31, 2022 08:51 AM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Thursday, the Digital Money has fallen 0.74% to $130.44.

InvestorsObserver is giving Litecoin a 19 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 19, placing it in the bottom 19% of cryptos on the market.

The Volatility Gauge takes into account 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 coupled 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 favorably positioned going forward. With support set at $126.42 and resistance near $133.22. This positions 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.