fbpx
Price Analysis

Bitcoin vs. Litecoin Price Analysis: Bitcoin vs. Litecoin (BTC) Booking New Highs, Litecoin (LTC) Acting Soar

Bitcoin and Litecoin are often seen walking on the same road. Bitcoin is age-old cryptocurrency whereas Litecoin is comparatively new. The market surge is usually controlled by Bitcoin. A few days back, when the entire market was falling, Bitcoin was the only coin climbing up. The coin not only kept its head held high but also stretched the market out of the selling pressure. Litecoin holds similar potential, but it will take time for LTC to be as influential as Bitcoin.

The current scenario is representing that Bitcoin is moving to create history, whereas Litecoin is struggling at $135.

Current Statistics of Bitcoin and Litecoin:

ParticularsBitcoin Litecoin
Price USD$ 9,269.67 USD$136.14 USD
ROI (Return on Investment)6,751.20%3,066.10%
Market Rank14
Market Capitalization$164,665,734,219 USD$8,476,409,648 USD
24hr Volume$20,634,773,268 USD$4,076,801,866 USD
Circulating Supply17,763,925 BTC62,263,950 LTC

BTC and LTC chart as per 17th June 2019, at 12:35:59 UTC for price comparison.

Bitcoin vs. Litecoin price chart - june 17

The chart is clearly indicating that Bitcoin will continue to rise on the chart. After yesterday’s year-to-date high of $9300, the investors are now eyeing on $10000. As of now, the coin has shown a progression of 2.91% as the coin opened at $9009 and is now at $9269.8.  Yesterday, the coin opened at a bullish note and soon marked a progression by 5.87% by jumping from $8848 to $9370.

If we look at the Litecoin chart, the price marked regression of 1.93% during the first hour on 16th June. The coin couldn’t do much on the chart yesterday. Today, the currency is again bearish. Litecoin opened at $137.06 and is now at $135.57. The regression marked is by 1.01%.

Price Prediction and Conclusion:

Litecoin could not be moving as per the expectations of the investors, but the coin will soon catch up the momentum. The price of the coin usually follows in the footsteps of Bitcoin, but there are some exceptional days too. The coin holds great potential, and investing on the same won’t be futile. We are positive that the coin will soon climb up and touch $150 in coming months. The coin can touch $200 by the end of 2019.

Bitcoin has spiked hope by its yesterday’s tremendous hike. Initially, $10000 was a hypothetical amount for the analysists, but now it seems possible. The most result giving cryptocurrency can help the investors in drawing huge dividends in the coming months.

Tags

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.

Related Articles

Back to top button
Close