Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has gained 3.72% to $112.04.
Low Volatility
InvestorsObserver gives Litecoin a low volatility rank of 17, placing it in the bottom 17% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.
LTC’s low volatility reading is coupled 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 around $105.57 and resistance set at $111.29. 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.
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