LiteCoin Ultra (LTCU) Falls 1%, Underperforms the Crypto Market Tuesday

Tuesday, June 27, 2023 02:11 PM | InvestorsObserver Analysts

LiteCoin Ultra (LTCU) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has dropped 99.83% to $0.06401726771.

InvestorsObserver is giving LiteCoin Ultra a 100 Volatility Rank. Find out what this means to you and get the rest of the rankings on LiteCoin Ultra!

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Highly Volatile

InvestorsObserver gives LiteCoin Ultra a high volatility rank of 100, placing it in the top 0% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LTCU's high volatility reading is paired 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 Ultra price is favorably positioned going forward. With support around $-132.909620403447 and resistance at $265.88. This leaves LiteCoin Ultra 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.