Litecoin (LTC), Low Volatility but Falling Thursday: Is it Time to Cash Out?

Thursday, May 05, 2022 03:34 PM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has lost 9.72% to $95.75.

InvestorsObserver is giving Litecoin a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

See Full Report

Low Volatility

InvestorsObserver gives Litecoin a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows 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 near resistance. With support at $88.75 and resistance around $96.29. This leaves Litecoin with potential selling pressures ahead as it may be getting over extended.

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.