Measured by Clometrix
Litecoin's volatility ratio was 2.60x, against 1.87x for a typical JOLTs Job Openings release since 2021. Its volume ratio was 3.20x, against a typical 2.22x. That is a strong reaction by this release's own standard. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
How Litecoin moved
Litecoin was at $83.01 when the figure came out. Fifteen minutes later it was 0.71% lower, and an hour later 0.17% higher. Its high-to-low range in the hour after was 2.08% of its price, against 2.16% in the hour before.
The release
Released by the Bureau of Labor Statistics on 6 March 2024 at 10:00 AM EST. The Job Openings and Labor Turnover Survey fell to 8.468M for January 2024, from 8.585M in December 2023.
What made it matter
Since 2021, JOLTs Job Openings releases in the two weeks before a Fed decision have moved Litecoin about as much as those at other times: a median volatility ratio of 1.76x across 25, against 1.90x across 44. This one came out 14 days before the Federal Reserve's 20 March rate decision. Its own ratio of 2.60x compares with 1.76x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 69 JOLTs Job Openings releases since 2021, Litecoin's median volatility ratio is 1.87x.
How it compares
Across 69 JOLTs Job Openings releases since 2021, Litecoin's usual price swing is 1.87x. This one was 1.39 times the usual.
Thin line: JOLTs Job Openings's usual, 1.87x. Thick line: this release, 2.60x.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 83.26 | 83.01 | 83.10 | 0.11% | 0.30% | 0.22% | 636 LTC |
| 5 minutes | 83.26 | 82.22 | 82.34 | -0.81% | 1.25% | 0.65% | 7,816 LTC |
| 10 minutes | 83.26 | 81.75 | 82.01 | -1.22% | 1.81% | 0.80% | 21,104 LTC |
| 15 minutes | 83.26 | 81.75 | 82.42 | -0.72% | 1.81% | 1.22% | 34,206 LTC |
| 30 minutes | 83.26 | 81.75 | 82.84 | -0.21% | 1.81% | 1.75% | 63,454 LTC |
| 1 hour | 83.48 | 81.75 | 83.15 | 0.17% | 2.07% | 2.12% | 91,766 LTC |
| 2 hours | 83.87 | 81.75 | 83.78 | 0.92% | 2.53% | 2.13% | 127,378 LTC |
| 4 hours | 84.50 | 81.75 | 84.36 | 1.60% | 3.25% | 4.36% | 194,777 LTC |
| 6 hours | 84.67 | 81.75 | 84.43 | 1.68% | 3.45% | 4.99% | 249,843 LTC |
| 8 hours | 85.72 | 81.75 | 84.36 | -1.15% | 4.63% | 8.49% | 525,697 LTC |
| 12 hours | 86.89 | 81.75 | 85.67 | 3.10% | 5.92% | 8.49% | 446,834 LTC |
Every coin at this release
| Coin | Price swing | Usual for JOLTs Job Openings | Reaction |
|---|---|---|---|
| Bitcoin | 2.27x | 2.22x | Ordinary |
| Ethereum | 2.41x | 2.00x | Ordinary |
| XRP | 2.60x | 1.58x | Strong |
| BNB | 2.04x | 1.77x | Ordinary |
| Solana | 1.67x | 1.81x | Ordinary |
| Dogecoin | 1.47x | 1.76x | Quiet |
| TRON | 2.11x | 1.52x | Strong |
| Cardano | 1.77x | 1.66x | Ordinary |
| Chainlink | 2.39x | 1.71x | Strong |
| Sui | 3.09x | 1.91x | Strong |
| Bitcoin Cash | 2.28x | 1.81x | Ordinary |
| Hedera | 1.91x | 1.53x | Ordinary |
| Avalanche | 2.55x | 1.67x | Strong |
| Litecoin | 2.60x | 1.87x | Strong |
| Shiba Inu | 1.17x | 1.49x | Quiet |
| Uniswap | 1.22x | 1.53x | Quiet |
| Polkadot | 1.78x | 1.63x | Ordinary |
| Aave | 1.99x | 1.79x | Ordinary |
| NEAR Protocol | 1.34x | 1.57x | Quiet |
| Aptos | 1.68x | 1.77x | Ordinary |
| Internet Computer | 2.59x | 1.69x | Strong |
| POL (prev. MATIC) | 2.04x | 1.82x | Ordinary |
| Filecoin | 2.24x | 1.50x | Strong |
What is the Job Openings and Labor Turnover Survey?
The job openings and labor turnover survey (JOLTS) is a monthly report by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor counting job vacancies and separations, including the number of workers voluntarily quitting employment. The BLS surveys more than 20,000 businesses and government offices to estimate the numbers of U.S. job vacancies, hires, and separations included in the monthly jobs report. The job separations numbers are subdivided into three categories: quits, or voluntary resignations; layoffs and discharges; and other separations, which include deaths and retirements. The number of vacancies is a widely followed indicator of labor demand, while the quits rate is partly a function of employment demand. Job hires and separations can be used to gauge labor turnover.Questions about this page
Is 2.60x a lot?
For a JOLTs Job Openings release it is strong: the usual is 1.87x. Each report has its own usual size, and its releases show it.
Will the next JOLTs Job Openings do the same?
Nobody can say. A forecast shows the range Litecoin moved in after past JOLTs Job Openings releases, so you can plan for the likely size of the move.
What is the JOLTs report?
JOLTs is the Job Openings and Labor Turnover Survey published by the Bureau of Labor Statistics. It is released at 10:00 a.m. ET. Its median Bitcoin price swing since 2021 is 2.22x, which places it in Tier 2.
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The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.