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

Sunday, March 20, 2022 05:29 PM | 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 added 1.26% to $115.38.

InvestorsObserver is giving Litecoin a 17 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 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 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 set at $111.7 and resistance around $116.28. This positions 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.