Litecoins (LTC) has been relatively less volatile compared to other cryptocurrencies. So far on Monday, Digital Money has added 2.02% to $109.04.
low volatility
InvestorsObserver gives Litecoin a low volatility rank of 15, placing it in the bottom 15% of cryptocurrencies on the market.
The volatility indicator analyzes what it means that one day it will not make or break its range. LTC's low volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has relatively tight price fluctuations and is well protected against price manipulation.
Litecoin price is trading near resistance. With support at $102.86 and resistance around $110.39. This leaves Litecoin with potential selling pressures ahead as it may be overextending itself.
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 made of those payments can range from a general use in the digital money subclass to more specific uses in some other subclasses.
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