Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has dropped 3.99% to $102.8.
Low Volatility
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will. LTC’s low volatility reading pairs 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 well-positioned going forward. With support around $96.64 and resistance around $105.06. 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.