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Price Analysis

Litecoin (LTC), Binance Coin (BNB), Stellar (XLM) Get Bit By The Bear; The Coins Might Improve Soon

Litecoin (LTC/USD) Price Analysis:

Litecoin is counted among the strongest cryptocurrencies in the market. The speculations are that the coin would be replacing Bitcoin. LTC coin has already proved that it has great potential in the first two quarters. However, the current scenario is quite shaky. Let’s have a look at the Litecoin price chart.

LTC Price Chart
LTC Price Chart

LTC is reflecting a heavy fall in price. The coin slipped by 10.94% from $84.684 to $75.417. On 15th August, Litecoin booked an upsurge of 1.34% from $75.417 to $76.499. The coin booked a loss on 16th August by 1.86% from $76.499 to $74.964. LTC price kept slipping from $74.964 to $72.863 by 2.80% on 17th August. On 18th August, the coin started the escalation. Litecoin price jumped from $72.863 to $76.127 by 4.43%. On 19th August, the price jumped from $76.127 to $77.215 by 1.43%. From 20th August till today, Litecoin price was traded with downside movement. The opening price was $77.215, and the coin is presently dealing at $75.564. We hope that Litecoin would recover.

Binance Coin (BNB/USD) Price Analysis:

Binance Coin has recovered a lot in the last week. The drop was tremendous, but the recovery was also astounding. The volatile movement in the BNB coin would be frustrating the traders, but the coin has a high prospect of improvement. To understand the coin more precisely, let’s have a look at the Binance Coin price chart.

BNB Price Chart
BNB Price Chart

On 14th August, the BNB coin price fell from $29.362 to $26.925 by 8.30%. The coin jumped by 4.14% on 15th August, as the price counters changed from $26.925 to $28.039. On 16th August, Binance Coin slipped from $28.039 to $27.563 by 1.70%. On 17th August, there wasn’t much movement. BNB coin started escalating from 18th August. The price switched from $27.540 to $27.923 by 1.39%. On 19th August, the coin climbed from $27.923 to $28.805 by 3.16%. Today, Binance Coin is trading with a bearish nature. The price slipped from $28.805 to $27.737 by 3.17%.

The coin is recommended for short-term traders. The investment in the coin wouldn’t go futile.

Stellar (XLM/USD) Price Analysis:

Stellar has a unique momentum which never matches the market. If we look at the weekly XLM price chart, the coin is reflecting a volatile movement.

XLM Price Chart
XLM Price Chart

XLM coin was dealing at $0.074022 on 14th August. The coin fell by 7.14% to $0.06880 on the same day. On 15th August, Stellar price improved from $0.06880551 to $0.07052084 by 2.49%. On 16th August, the XLM price slipped from $0.07052 to $0.06854 by 2.80%. On 17th August, the fall continued, and price counters changed from $0.06854 to $0.06785 by 1.01%. On 18th August, Stellar price started rising from $0.06785 to $0.07062 by 4%. Yesterday, XLM moved up from $0.07062 to $0.07241 by 2.5%. Today, the coin is again falling and is currently dealing at $0.06947. Stellar is most suited for the long-term traders. The investors can dig in and earn huge profits.

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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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