Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has advanced 0.73% to $86.29.
Moderately Volatile
InvestorsObserver gives Litecoin a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
LTC’s moderate volatility reading comes 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 near resistance. With support around $83.66 and resistance around $86.85. This leaves Litecoin with potential selling pressures ahead as it may be getting over extended.
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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