Price Analysis

Bitcoin Vs Litecoin Price Analysis: Bitcoin price in recovery mode, Litecoin follows BTC footsteps

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Bitcoin and Litecoin usually walk on the same road and with almost the same speed. However, in the last couple of days, Bitcoin price was touching new highs, and Litecoin price was marked securing soar counters.

The good news for the traders who root for Litecoin and Bitcoin both is that the coins are back to normal. After touching 52 weeks high of $9400, Bitcoin is seen suffering from selling pressure. Litecoin also experiences a bulge on the way and now walking on the footsteps of Bitcoin.

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Current Price Statistics of Bitcoin Vs Litecoin:

Particulars Bitcoin Litecoin
Price in USD $9,245.67 USD $132.36 USD
ROI (Return on Investment) 6,733.46% 2,978.37%
Market Rank 1 4
Market Capitalization $164,254,363,264 USD $8,243,308,561 USD
24hr Volume $16,206,062,854 USD $3,271,150,753 USD
Circulating Supply 17,765,550 BTC 62,277,175 LTC

BTC Vs LTC Price Chart Comparison:

BTC Vs LTC Price Chart - 18 June

The chart is taken from Trading View on 18th June 2019, at 10:05:07 UTC for price analysis.

Bitcoin opened at $8979 on 17th June 2019. The price was struggling to climb up and finally at 10:35 UTC jumped by 1.9% from $9159 to $9335. However, the price fell tremendously from $9406 to $9157 at 15:40 UTC by 2.65%. The marketers believed that the coin could fall in the selling pressure but Bitcoin roared once more in the market towards the closing time and touched $9400. However, the coin is presently suffering from the blood rush. Bitcoin opened at $9369 and soon dropped to $9050 by 3.37%. The coin is currently trading at $9228.

Litecoin opened with a bearish trend yesterday. The entire day, the coin was caught in the loop between the resistance level at $137 and support level at $134.8. The major drop took place at 14:50 UTC when the price suffered by 2.99% as LTC dropped from $136.7 to $132.36. Like Bitcoin, LTC also started with a bearish market and dropped by 3.4% as the price slipped from 134.50 to 129.9. The coin is presently trading at $131.45.

Bitcoin Vs Litecoin Price Prediction and Conclusion:

Bitcoin and Litecoin probably looking weak in today’s chart as compared to the yesterday’s momentum. The coin would be the same soon as the coins are reflecting a steady recovery in the coming months. Bitcoin can touch $10000 and Litecoin can touch $140.

The intraday investors must be earning huge, with their Bitcoin investment. We predict a bullish medium-term for Litecoin. In the short-term as well the coin is likely to have a bullish run. Investors, aiming to hold the coins until the year’s end should target the 200 USD price mark. Buying fresh coins is advised. On a whole, it is a good time for the long term and short term investors.

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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