Litecoin (LTC) Falls 0.03%, Underperforms the Crypto Market Thursday
Thursday, February 03, 2022 10:00 AM | InvestorsObserver Analysts
Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has dropped 2.85% to $108.13.
InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
InvestorsObserver 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 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 $103.75 and resistance at $111.2. 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.
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