Litecoin (LTC) Rises 0.77%, Outperforms the Crypto Market Sunday

Sunday, October 01, 2023 12:42 PM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has advanced 0.77% to $66.8.

InvestorsObserver is giving Litecoin a 30 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 30, placing it in the bottom 30% of cryptos on the market.

The Volatility Gauge follows 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 above resistance. With support set at $65.63 and resistance near $66.74. This leaves 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.