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

Monday, July 11, 2022 07:25 AM | InvestorsObserver Analysts
Litecoin (LTC), Moderate Volatility and Falling Monday: Is it Time to Cash Out?

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has declined 5.31% to $51.27.

volatility - 26
InvestorsObserver is giving Litecoin a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

Moderately Volatile

InvestorsObserver gives Litecoin a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. LTC's moderate volatility reading is coupled 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 trading near resistance. With support near $48.27 and resistance set at $51.99. 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.

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