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.
To understand better, let’s compare the current statistics of Bitcoin and Litecoin.
Bitcoin and Litecoin current statistics:
|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:
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%. Based on the current price movement and Litecoin predictions, the coin might register recovery soon.
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.