Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has advanced 2.72% to $81.82.
InvestorsObserver is giving Litecoin a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin!
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
LTC’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 price is trading above resistance. With support at $78.15 and resistance near $80.61. This leaves Litecoin out of range and potentially in a volatile position if the rally burns out.