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Price Analysis

Litecoin (LTC), Binance Coin (BNB), & Stellar (XLM) Indicates A Positive Sign Of Improvement In Future

Litecoin (LTC/USD) Price Analysis:

Litecoin is the fifth coin in the crypto market. The coin has superseded the expectations of the traders in the last two quarters. The current quarter is quite disappointing for the traders because the entire market is crashing. Let’s have a look at the LTC price chart from last week.

LTC Price Chart
LTC Price Chart

Starting from 10th August, the coin opened with an upsurge of 1.36%. Litecoin price counters changed from $84.482 to $85.634. The uptrend continued, and the LTC price escalated from $85.634 to $89.968 by 2.15%. The coin started falling from 12th August, and The price switched from $89.968 to $85.542 by 4.92%. On 13th August, the LTC coin kept it tight around $85.542. On 14th August, the coin registered a fall of 5.01% as the price changed from $85.035 to $75.630. Yesterday, the coin escalated from $75.630 to $76.460 by 1.10%.

Litecoin has a bright future. The investment in the coin wouldn’t go futile. Traders can invest for the long-term to ensure profits in the coming time.

Binance Coin (BNB/USD) Price Analysis:

BNB coin suffered a lot in recent time. Well, the coin started moving up and shown a subsequent recovery. The same could take the Binance coin out of the downtrend. To understand the momentum more precisely, let’s see the weekly price chart of Binance coin.

BNB Price Chart
BNB Price Chart

Looking at the chart, the BNB coin is reflecting downfall. BNB coin opened with $29.8532 and slipped to $29.65 by 0.68% on 10th August. On 11th August, Binance coin jumped from $29.65 to $30.15 by 0.69%. On 12th August, the coin kept it tight around $30 mark. On 13th August, the BNB coin price slipped from $30.12 to $29.300 by 2.82%. On 14th August, the coin slipped from $29.3 to $27.056 by 7.66%. On 15th August, the coin escalated from $27.05 to $28.06 by 3.73%. Currently, the coin is dealing around $26.92.

The traders can invest in a short-term in the coin. The given period is speculated to encourage huge returns on the investment. The coin is considered risky for long-term investment.

Stellar (XLM/USD) Price Analysis:

XLM Price Chart
XLM Price Chart

Stellar is dealing with a bearish trend today. The bear would soon into the bull. The coin is speculated to register a heavy upsurge in the coming time. The coin is the most volatile currency among the top 11 cryptocurrencies. The given chart is indicating a similar price trend. Let’s have a look at the same. The chart is reflecting the heavy fall of price in the coin. On 10th August, the coin jumped from $0.072 to $0.073 by 1.91%. On 11th August, the coin jumped from $0.073 to $0.077 by 5.86%. On 12th August, the coin shifted from $0.077 to $0.075 by 2.03%. On 13th August, the coin continued the fall of 1.98% from $0.075 to $0.074. On 14th August, the coin took a deep dig of 6.74% from $0.074 to $0.069. On 15th August, the coin escalated from $0.069 to $0.070 by 2.09%. Currently, the coin is dealing around $0.084.

The coin would be best for short term traders. However, long-term could also be beneficial as the future prospect of the company is bright. Altogether, the investment in the coin would bring huge profit to the investors.

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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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