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

Tuesday, August 30, 2022 04:18 PM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has fallen 3.17% to $53.59.

InvestorsObserver is giving Litecoin a 23 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 23, placing it in the bottom 23% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. 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 in a favorable position going forward. With support near $51.07 and resistance near $54.7. 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.