Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has declined 2.57% to $53.82.
Low VolatilityInvestorsObserver 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.