Litecoin (LTC) Rises 3.62%, Underperforms the Crypto Market Friday

Friday, December 24, 2021 10:02 AM | InvestorsObserver Analysts

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has added 3.62% to $162.2.

InvestorsObserver is giving Litecoin a 14 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 14, placing it in the bottom 14% 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 low volatility reading is paired 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 near resistance. With support set at $151.72 and resistance around $163.22. 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.