What Does a Risk Analysis Say About Litecoin (LTC) Monday?

Monday, August 08, 2022 12:57 PM | InvestorsObserver Analysts

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.

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!

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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 2.21% lower over the past 24 hours to its current price of $62.78. This shift has occurred while volume is below its average level and the coin's market capitalization has risen. The cryptocurrency now has a market capitalization of $4,450,675,151.91 while $366,730,498.21 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

The price volatility of LTC over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the coin's manipulability as of now. Click Here to get the full Report on Litecoin (LTC).