Ethereum (ETH), Ripple (XRP) & Litecoin (LTC) Reflect Price Recovery

Ethereum (ETH/USD) Price Analysis:

Ethereum is the second-largest coin in the market, and it has started the recovery. We are expecting an upsurge in the future. Let’s have a look at the Ethereum price chart.

ETH Price Chart
ETH Price Chart

Starting from 13th August, the ETH coin opened with a slight drop of 1.21% from $210.93 to $208.38. On 14th August, the coin took a deep dig of 10.90% and ETH price changed from $208.38 to $185.67. On 15th August, the price of Ethereum improved from $185.67 to $188.06 by 1.29%. On 16th August, the coin again booked a regression. This time the Ethereum price fall was of 1.99% from $188.06 to $184.32. On 17th August, the price moved up from $184.32 to $186.55 by 1.25%. On 18th August, the escalation continued. The price of ETH coin moved up from $186.55 to $194.28 by 4.10%. On 19th August, the coin is still moving up. The price escalated from $194.28 to $197.79 by 1.80%. Ethereum would be best suited for long-term traders. The investment in the coin wouldn’t go futile.

Ripple (XRP/USD) Price Analysis:

Ripple is the third-largest coin in the market. The coin is currently dealing at $0.28734. The traders have high hope from the XRP coin. The altcoin has never failed the hopes of the traders. We are positive that this time also, the coin would help the traders to recover their losses.

XRP Price Chart
XRP Price Chart

Above XRP price chart is reflecting a price recovery in the coin. The coin started the downtrend from 13th August. The price moved from $0.30085 to $0.29773 by 0.95%. Ripple coin kept moving down on 14th August too. The price counters slipped from $0.29800 to $0.26106 by 2.31%. On 15th August, XRP price booked a slight improvement of 1.35%. The coin again fell on 16th August by 1.59% as price slipped from $0.26446 to $0.25998. On 17th August, the Ripple price escalated from $0.25998 to $0.26582 by 2.35%. On 18th August, the coin took the price from $0.26582 to $0.28306. The progression was of 6.49%. The coin has kept the escalation intact. Ripple price counters have changed from $0.283 to $0.287 from the starting of the day. The upsurge would embark price rally in the XRP coin. The traders should brace themselves for a volatile movement. The coin is recommended for long-term investors. We are positive that it would help them draw huge returns.

Litecoin (LTC/USD) Price Analysis:

Litecoin is the fifth-largest coin in the market. The currency has started recovering. We are expecting a price rally soon. Let’s analyze the price movement of LTC from past one week.

LTC Price chart
LTC Price chart

Looking at the LTC/USD price chart, we can observe a heavy fall in Litecoin price. On 13th August, the coin opened the week with a slight fall of 0.04%. The price changed from $84.863 to $84.828. On 14th August, the Litecoin took a heavy drop of 10.53% from $84.82 to $75.92. On 15th August, LTC didn’t change much and remained around $75 mark. On 16th August, the coin fell with a slight margin of 2.37%. LTC price counters changed from $76.342 to $74.568. On 17th, the regression continued. The price changed from $74.568 to $72.864 by 2.38%. Litecoin price again climbed from $72.864 to $76.237 by 4.73% on 18th August. Today, the coin has continued the upsurge is dealing at a profit of 2.60% from $76.237 to $78.300. The coin is expected to keep climbing up.

The traders interested in the coin should plan for a long-term investment. The same would bring colossal profit in the future.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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