Litecoin (LTC), Moderate Volatility and Falling Friday: Is it Time to Cash Out?

Friday, December 09, 2022 02:42 PM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has declined 0.83% to $76.38.

InvestorsObserver is giving Litecoin a 29 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

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Moderately Volatile

InvestorsObserver gives Litecoin a moderate volatility rank of 29, placing it in the bottom 29% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LTC's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Litecoin price is in a good position going forward. With support at $74.2 and resistance near $77.93. 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.