Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has declined 2.3% to $51.55.
InvestorsObserver gives Litecoin a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
LTC’s moderate volatility reading pairs 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 in a good position going forward. With support around $50.04 and resistance near $52.49. This positions Litecoin 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.
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