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

Tuesday, December 14, 2021 08:15 AM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Tuesday, the Digital Money has declined 2.36% to $150.44.

InvestorsObserver is giving Litecoin a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

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Low Volatility

InvestorsObserver gives Litecoin a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. LTC's low volatility reading is paired 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 around $140.06 and resistance set at $156.98. 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.