Price Analysis

Bitcoin Vs. Litecoin: Bitcoin (BTC) Stretches Towards $11,000 And Litecoin (LTC) To $144

Bitcoin is currently trading at $10,900 and seems like BTC will close the market around $11,000 soon. The coin is moving upwards at a tremendous speed. With an escalated momentum, the currency is giving us hopes that it will soon cross the all-time high of $20,000.

Litecoin is also affected by the same upsurge. The coin, which was not getting the ground to lay its foot today, crossed $144. Litecoin is moving upwards, but the speed is languid. The currency will undoubtedly lay positive out, but volume will fall short if compared to Bitcoin.

Bitcoin and Litecoin current statistics:

ParticularsBitcoin (BTC)Litecoin (LTC)
Price (USD)$10,943.32 USD$141.19 USD
Market Capitalization$194,497,452,741 USD$8,801,380,049 USD
24hr Volume$25,612,462,824 USD$4,797,458,308 USD
Return on Investment (ROI)7,988.19%3,183.56%
Rank1st4th
Circulating supply17,773,162 BTC62,338,275 LTC

BTC Vs. LTC price chart:

 

BTC Vs. LTC price chart

The chart is taken from Trading View on 22nd June 2019, at 10:34:24 UTC for price comparison. Yesterday, both the coins opened with an upsurge in the market. The rise in Bitcoin was from $9578 to $9850, the progression marked was of 3.04%. Litecoin, on the other hand, escalated by 1.70% as the price climbed from $136.1 to 138.4. Bitcoin maintained its momentum in the market and kept moving upwards throughout the day. Litecoin experienced a sudden pick from $137 to $141 and an immediate drop from $141 to $136 in no time.

In today’s chart, Bitcoin has reflected overall progress by 7.20% ($10210 -$10946). The coin opened with an escalation in the price and has kept the momentum the same as yesterday. Litecoin opened at $138.8 and climbed till $144. After touching $144, LTC immediately fell to $139. Litecoin is presently trading at $140.

Price Prediction and Conclusion:

The current escalation in Bitcoin is very lucrative as compared to Litecoin. However, higher profits lead to greater profits. Hence, the investors who are looking for stability and secured positive outputs should opt Litecoin. Investors who can bear risk should go for Bitcoin.

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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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