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Price Analysis

Bitcoin Vs. Litecoin: Bitcoins crosses $8200, Litecoin Reaches around $132

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Bitcoin is miraculously moving in the opposite direction than any other coin in the market. All Bitcoin influenced cryptocurrencies are showing bullish signals, including Bitcoin Cash, Bitcoin SV, Bitcoin Gold, and others.

Litecoin, on the other hand, is suffering from a price drop. Although the current downfall has no legs and is likely to turn the tables soon, for now, Litecoin is suffering from loss. The coin is newer than Bitcoin, but the marketers believe that in some time, the coin will also behave much like Bitcoin.

Current Statistics of Bitcoin and Litecoin:

ParticularsBitcoin Litecoin
Price USD$8,272.94$131.07
ROI (Return on Investment)6,039.84%2,987.92%
Market Rank14
Market Capitalization$146,911,775,812$8,154,618,640
24hr Volume$19,138,971,807$4,839,589,064
Circulating Supply17,758,112 BTC62,217,426 LTC

BTC and LTC price comparison:

BTC and LTC chart as per trading view on 14th June 2019, at 10:18:31 UTC for price comparison.Bitcoin Vs Litecoin price chart - june 14

In the one-month price chart of Bitcoin and Litecoin, BTC started with a bearish trend, with slight price recovery the coin fell from $7874.7 to $7092.7 marking a regression of 9.93%. Litecoin started with a bullish trend, and later, the coin dropped from $106.5 to $85.3 by 20%.

Bitcoin started moving upwards with a few ups and downs and marked a progression of 13.39% from $7948 to $9013. During the same time, Litecoin jumped from $101.3 to $115.6 and booked a progression of 14.11%. However, from 7th June till now, Litecoin has performed better than Bitcoin.

Litecoin was trading at $101.124 on 7th June, and now it is at $132.400 reflecting an increase by 30.92%. Bitcoin jumped by 10.13% from $7522.9 to $8285.6.

Price Prediction and Conclusion:

The critics of the US market have also suggested many for investing in the crypto market. Among all other coins, Bitcoin and Litecoin cryptocurrencies are the most popular. The coins have never failed to satisfy its investors.

Among the two cryptocurrencies, many will go with Bitcoin. We, on the other hand, believe that Litecoin is a potential investment, and in some years, it would be considered equally trustworthy as Bitcoin.

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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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