Price Analysis

Bitcoin Vs. Litecoin Price Analysis: Litecoin walks in the opposite direction than Bitcoin

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Litecoin has shown a surprising movement along the graph today. The coin that was caught by Bitcoin price momentum yesterday started a way of its own from the morning. The market opened with a bearish trend, and so did Bitcoin.

However, the only coin spotted in the bullish zone among the top 5 coins was Litecoin. The traders were astounded by the growth and hence are gazing on the Litecoin price movements since then. A few days back, when Bitcoin was climbing up, Litecoin was dripping, and today, the market experienced an exact opposite situation.

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Bitcoin and Litecoin Price Statistics

Let’s have a look at the current statistics:

Particulars Bitcoin Litecoin
Price USD 9,143.1 USD 137.510 USD
ROI (Return on Investment) 6,653.13% 3,098.35%
Market Rank 1 4
Market Capitalization 162,342,981,764 USD 8,566,692,815 USD
24hr Volume 16,017,700,485 USD 3,983,511,728 USD
Circulating Supply 17,767,687 BTC 62,292,550 LTC

BTC Vs. LTC price chart:

The chart is taken from Trading View on 19th June 2019, at 11:35:15 UTC for price comparison.

Bitcoin Vs. Litecoin price chart - june 19

Bitcoin and Litecoin both are reflecting a subsequent growth in price, but their path seems totally different. Bitcoin started with a steep upwards movement from 14th June. The price growth from 14th June and 16th June is by 6.93% as price moved from $8233.6 to $8805. A steep jump took place on 16th June where the price escalated by 6.43% from $8805 to $9371. From 17th to 18th, the graph indicates a falling curve but still managed to touch $9400. The price of Bitcoin is altogether pleasant and moving up at a steady pace.

Litecoin marked a fall on 14th June by 3.23% as the coin dropped from $131.2 to $126.96. The coin immediately recovered and booked a progression by 7.96% by taking the price from $126.39 to $136.46. The coin marked a high at $139. The coin is presently trading at the same price today after 15th June.

Price Prediction and Conclusion:

Bitcoin and Litecoin both are walking on different paths but towards the same direction. The traders who do not believe in Bitcoin now have the opportunity to go with Litecoin as a profitable investment.

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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