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Litecoin (LTC) Rises 0.14%, Outperforms the Crypto Market Tuesday

Tuesday, February 08, 2022 10:54 AM | InvestorsObserver Analysts
Litecoin (LTC) Rises 0.14%, Outperforms the Crypto Market Tuesday

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has gained 0.14% to $132.93.

volatility - 14
InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!

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 follows this makes its score defined by recent trends, rather than a bad day. LTC's low volatility reading comes 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 favorably positioned going forward. With support set at $125.79 and resistance set at $139.47. This positions 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.

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