Litecoin (LTC) has been relatively less volatile compared to other cryptocurrencies. So far on Sunday, the digital money has gained 0.03% to $65.52.
Low volatility
InvestorsObserver gives Litecoin a low volatility rank of 17, placing it in the bottom 17% of cryptocurrencies on the market.
Below is the volatility indicator, which means that one day it will not define your volatility range, but a trend. LTC's low volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has relatively narrow price swings and is well protected from price manipulation.
Litecoin price is in a favorable position going forward. With support near $64.06 and resistance set at $66.53. This leaves 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 normally used for payments. Depending on the cryptocurrency, the use of those payments can vary from general use in the Digital Money subclass to more specific uses in some other subclasses.
