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Should You Buy Litecoin (LTC) Tuesday?

Tuesday, May 03, 2022 02:55 PM | InvestorsObserver Analysts
Should You Buy Litecoin (LTC) Tuesday?

InvestorsObserver analysis gives Litecoin a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range.

Risk/Reward Score - Low
InvestorsObserver is giving Litecoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Litecoin!

Trading Analysis

The risk gauge rank for LTC shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
LTC has traded -0.08% lower over the past 24 hours to its current price of $98.98. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $6,948,843,680.17 while $531,435,324.27 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Litecoin a low risk rating.

Summary

Recent price movement of LTC gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin's manipulability at the moment. Click Here to get the full Report on Litecoin (LTC).

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