Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has gained 2.76% to $111.41.
InvestorsObserver gives Litecoin a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
LTC’s low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Litecoin price is trading above resistance. With support near $106.21 and resistance at $110.23. This leaves Litecoin 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.