Litecoin Plus (LCP) Rises 44.91%, Outperforms the Crypto Market Monday

Monday, April 18, 2022 03:06 PM | InvestorsObserver Analysts

Litecoin Plus (LCP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has added 44.91% to $0.04069238968.

InvestorsObserver is giving Litecoin Plus a 71 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 71, placing it in the top 29% of cryptos on the market.

The Volatility Gauge analyzes 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 trading above resistance. With support around $0.0264321141408563 and resistance near $0.0310326911972642. This positions Litecoin Plus 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.