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

Sunday, February 13, 2022 11:29 AM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has increased 2.01% to $127.16.

InvestorsObserver is giving Litecoin a 14 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 14, placing it in the bottom 14% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. 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 trading near resistance. With support near $122.05 and resistance set at $127.42. 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.