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

Sunday, May 15, 2022 05:05 PM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Sunday, the Digital Money has advanced 5.62% to $70.58.

InvestorsObserver is giving Litecoin a 19 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 19, placing it in the bottom 19% 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 trading above resistance. With support around $64.3 and resistance set at $69.68. This positions Litecoin out of range and potentially in a volatile position if the rally burns out.

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.