InvestorsObserver gives Litecoin a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
LTC's low volatility reading comes 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 at $50.7 and resistance near $57.17. 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.
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