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Litecoin (LTC) Falls 0.14%, Underperforms the Crypto Market Saturday

Saturday, June 10, 2023 09:21 AM | InvestorsObserver Analysts
Litecoin (LTC) Falls 0.14%, Underperforms the Crypto Market Saturday

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Digital Money has declined 14.34% to $76.85.

volatility - 24
InvestorsObserver is giving Litecoin a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

Low Volatility

InvestorsObserver gives Litecoin a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge analyzes 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 pairs 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 above resistance. With support set at $73.1 and resistance around $75.61. This positions Litecoin out of range and potentially in a volatile position if the rally burns out.

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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