Litecoin's Volatility: Not as Low as You Think

Litecoin, despite being deemed less volatile recently, still ranks in the bottom 23% for volatility among all cryptocurrencies. Its stability is attributed to a combination of factors, including a low Risk/Reward Gauge, making it less prone to price manipulation. This positions Litecoin as a secure choice for investors seeking a low-volatility asset in the crypto market.

Is Litecoin Really Less Volatile?

Litecoin has certainly been less volatile than some other cryptocurrencies lately, but don't let that fool you. InvestorsObserver ranks its volatility at 23, which is still in the bottom 23% of all cryptos. This means that while it may not be as wild as some of its peers, it's still pretty unpredictable.

Why Is It So Stable?

LTC's low volatility is likely due to a combination of factors. Its Risk/Reward Gauge is also low, which suggests that it's not very susceptible to price manipulation. This makes it a relatively safe investment for those who are looking for a stable cryptocurrency.

Is It Time to Sell?

Litecoin is currently trading near resistance at $87.71, with support at $83.4. This means that it's at a point where it could potentially experience selling pressure. If you're holding LTC, you may want to consider taking some profits off the table before it corrects.

What Is a Coin, Anyway?

A coin is a cryptocurrency that exists on its own blockchain. Unlike tokens, which are built on top of an existing blockchain, coins are independent and have their own native token. Coins are typically used for payments, but their specific use cases can vary depending on the cryptocurrency.

Key Takeaways:

• Litecoin's low volatility is due to its low Risk/Reward Gauge and its position on its own blockchain.
• LTC is currently trading near resistance and could potentially experience selling pressure.
• Coins are independent cryptocurrencies that exist on their own blockchains and are typically used for payments.