Price Analysis

Bitcoin (BTC) Vs. Litecoin (LTC): BTC Showing Moderate Persistence, LTC Reflects Steadiness

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Bitcoin usually helms the crypto market. BTC is many times responsible for the upsurge or downfall in many coins. The last few days Bitcoin showing recovery in price. The same is affecting the entire market. The coming week is expected to experience a more or less good time.

Litecoin is also on the same path as Bitcoin. The altcoin was seen popping up and dropping down but has now maintained the pace. The coin has set a resistance level and is expected to grow in the price chart.

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To understand better, let’s compare the current statistics of Bitcoin and Litecoin.

Bitcoin and Litecoin current statistics:

Particulars Bitcoin Litecoin
Price (USD) 8,108.68 USD 134.78 USD
Market Capitalization 143,981,404,520 USD 8,383,873,790 USD
24hr Volume 17,831,081,701 USD 5,427,988,882 USD
Circulating Supply 17,756,450 BTC 62,203,926 LTC
Return on Investment (ROI) 5,893.11% 3,034.55%

BTC and LTC Price Chart:

Bitcoin vs Litecoin price chart - june 13

As per the TradingView chart of 13th June 2019, at 11:23:53 UTC, the Bitcoin, and Litecoin comparison chart is indicating towards a gaining upcoming week. Yesterday, Bitcoin started with a steep upward trend. After touching $8072, the price dropped a little but stopped and created a resistance level at $8001.

The Litecoin felt a narrow upsurge in the starting of the day, but later dropped by 3.03% as the price was initially at 141.80 and later was at $137.56. Towards the second half of the day, Bitcoin price was escalated from $8011.2 to $8242.8, registering a progression by 2.97%. Litecoin also experienced an upsurge in price from $139.81 to $143.61 and marked an increase of 3.16%.

Today the price of Bitcoin has maintained a resistance level at $8199 and support level at $8053. The Litecoin is following the footsteps of Bitcoin and marked a resistance level of $135.95 and support level at $133.71.

Price Prediction and Conclusion:

Bitcoin and Litecoin both have reflected a steady resistance level in today’s first half chart. The steady formation of support and resistance level usually indicates price upsurge.

The investors can expect a sudden hike in price in the rest of the day. The coin could open with a bullish trend tomorrow. Intraday traders can expect huge profits.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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