Litecoin Plus (LCP) Falls 0.36%, Underperforms the Crypto Market Saturday

Saturday, July 30, 2022 12:27 PM | InvestorsObserver Analysts

Litecoin Plus (LCP) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has declined 36.32% to $0.001960979671.

InvestorsObserver is giving Litecoin Plus a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin Plus!

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Highly Volatile

InvestorsObserver gives Litecoin Plus a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. LCP's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Litecoin Plus price is in a good position going forward. With support at $0.00116678037827591 and resistance set at $0.00242195722328255. This positions Litecoin Plus 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.