Litecoin Plus (LCP) Falls 0.39%, Underperforms the Crypto Market Thursday

Thursday, July 14, 2022 07:23 AM | InvestorsObserver Analysts

Litecoin Plus (LCP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has fallen 38.96% to $0.002174329259.

InvestorsObserver is giving Litecoin Plus a 72 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin Plus!

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Moderately Volatile

InvestorsObserver gives Litecoin Plus a moderate volatility rank of 72, placing it in the top 28% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. LCP'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 Plus price is well positioned going forward. With support near $0.000448605162817146 and resistance near $0.00524680118614724. 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.