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Price Analysis

Bitcoin Vs. Litecoin: Bitcoin (BTC) Falls By 8.53%, And Litecoin (LTC) loses 6.78% in past 24 hours: Is Bitcoin the influential anchor?

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  • Both Bitcoin and Litecoin have shown five price variations each in the last 24 hours.
  • The 2019 target for Bitcoin is around 15,000 USD to 20,000 USD, and for Litecoin it is 200 USD.

The king of all coins – Bitcoin, is probably facing a price correction phase right now after a month of the price rally. The price rally has pushed the coin to above 13,000 USD, and this hike has also impacted many other coins. As Bitcoin is now undergoing corrections and so is Litecoin, here is an analysis of the price movement of Bitcoin and Litecoin of the last 24 hours. Let us look at the current details of the coin.

Bitcoin – Litecoin Price Statistics-

Bitcoin Vs Litecoin Chart
Bitcoin Vs Litecoin Chart
01st July 04:32 UTCBitcoin (BTC)Litecoin (LTC)
Rank1st4th
ROI (Return on Investment)8,118.45%2,803.71%
Coin Circulation17,790,825 BTC62,465,701 LTC
Market Cap197,781,201,648 USD7,793,338,259 USD
Value in USD11,022.40 USD124.62 USD
All-Time High20,089 USD375.29 USD
24h Volume29,006,606,050 USD5,751,213,306 USD

Bitcoin – Litecoin Price Comparison-

Litecoin faced its first fall between 00:11 UTC and 07:54 UTC. This fall was of 5.93%. Similarly, the fall Bitcoin faced was between 03:48 UTC and 10:41 UTC. Bitcoin’s first fall was of 5.92%. Litecoin then gained 8.33% over the next 1 hour and 37 minutes. And it is followed by a fall of 8.43% again over the next 4 hours and 47 minutes. On the other hand, Bitcoin faced a fall of 5.84% between 13:06 UTC and 14:16 UTC. And between 16:03 UTC and 21:03 UTC, the coin gained 5.25%.

Litecoin’s latest change was a fall of 9.92% that happened over 6 hours and 54 minutes starting from 15:56 UTC. Similarly, Bitcoin encountered its last fall of 6.78% between 21:02 UTC and 00:05 UTC of today.

Bitcoin – Litecoin Price Prediction-

Both the coins have a bullish outlook on the medium-term as well as short-term. Bitcoin may reach as high as 15,000 USD in the next few months whereas Litecoin is expected to touch 200 USD by the end of the year. Bitcoin may face the next resistance at 11,730 USD, whereas Litecoin’s next resistance may come around 132 USD.

Conclusion-

Both Bitcoin and Litecoin have bullish medium-term outlook. Investors are advised to retain their holdings at least until the first quarter of 2020.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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