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Price Analysis

Ethereum Vs. Litecoin: Ethereum (ETH) Gives Mixed Trend While Litecoin (LTC) Continues With Downtrend

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  • Ethereum shows a downtrend of 2% while LTC dips by 6% in the week
  • Ethereum rises as high as $361 while LTC continues to drop throughout the week

The last week of June has been slow for most of the currencies after mid-week when the Bitcoin prices started dropping from $13,000. ETH has moved hand-in-hand with BTC and surged as high as $361 from its initial value of $309.32 but soon started dipping to trade below $300. On the other hand, LTC started the week trading at $132 and started dipping only after mid-week to drop as low as $112. The current market performances of both coins are justified.

Ethereum-Litecoin Price Statistics:

As on June 29, 2019, at 10:41:59 UTC, ETH is found to be trading at $301.32 showing a downtrend of over 2% from its starting value in the week at $309.32. ETH, however, rose to its highest value in 90-days at $361 before sliding downwards. LTC, however, maintained a steady trend till a mid week and showed a downtrend of over 6% overall dropping from $132.11 to its current value of $123.27. LTC has only moved downwards after mid-week.

ETH LTC Price Chart - 29 June
ETH LTC Price Chart
Statistics Ethereum (ETH)Litecoin (LTC)
Price  (USD)301.32123.27
Price (BTC)0.025616510.01040503
Market Capitalization32,148,546,5747,566,163,886
24h volume10,769,721,5244,272,007,076
Circulating Supply106,689,032 ETH62,441,426 LTC
Return on Investment>9000%2,769.55%

 ETH and LTC are placed at 2nd and 5th positions respectively in the global coin ladder and have been showing growth since the beginning of the year. The coins may pick up the pace soon.

Ethereum – Litecoin Price Prediction:

Ethereum and Litecoin have maintained a steady pace throughout the year and have also given moments of a sudden surge now and then. While ETH can trade above $500 by the end of the year, while LTC may trade around $200 and beyond if it picks up the pace and continues with the surge for longer.

Conclusion:

Ethereum and Litecoin can be targeted for long-term investments as both currencies are highly profitable and growth-oriented and can give good returns in no time.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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