Litecoin achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.
Trading Analysis
The risk gauge rank for LTC shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.
Litecoin is 2.66% lower as of the last 24 hours of trading, resulting in its current price of $103.13. The price movement has coincided with volume being below its average level and the coin’s market capitalization risen. The market capitalization for the coin now sits at $7,236,345,136.59 while $764,827,984.14 worth of the crypto has been exchanged over the past 24 hours. The price movement relative to the changes in volume and market cap recently, gives LTC a low risk assessment.
Summary
The price volatility of LTC over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the coin’s manipulability as of now.
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