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Price Analysis

Litecoin (LTC) Embarks Price Escalation On The Intraday Chart; Price Hovers At $64.21

  • Litecoin (LTC) price commences the day with an upsurge.
  • The traders can expect a positive result from the coin today.

Litecoin (LTC) price was spotted suffering in the recent drop. The traders were devastated by the fall in the coin. Many investors found their way out as the coin was slipping down tremendously. The traders who have still managed to stick around can take a sigh of relief as the coin has started moving up on the price chart. The escalation in the coin started after the first half of yesterday’s chart. The coin touched a high at $65.44 and a low at $62.61. The volume marked on 30th August 2019 was $2,377,466,438.

Current Statistics of Litecoin:

  • The price of the coin is at $64.21.
  • The ROI is noted as 1394.83%.
  • The 24hr volume of the coin is marked as $2,203,121,385.
  • The market cap is at $4,059,007,378.
  • The circulating supply has 63,150,624 LTC.

LTC to USD Price Comparison:

The chart is taken from Trading View on 31st August 2019 at 05:14:43 UTC for price analysis.

LTC Price Prediction
LTC Price Chart by TradingView

Yesterday, the coin opened at $63.5. The price slipped to $62 within the first few hours. There was an escalation of 3.31% from $62.3 to $64.4. The coin kept moving up and touched $65.48 at 21:00 UTC. The coin closed with a progression of 0.83% at $64. Today, the coin opened at $64 and is moving around it.

Litecoin Price Prediction and Conclusion:

Litecoin (LTC) price has shown remarkable potential in the last two quarters. It has over-performed Bitcoin (BTC) and thus many traders assume that Litecoin is the future of the altcoin market. The coin is moving in an upward direction. The rest of the day is expected to remain the same.

In the coming years, there is a high probability of an upsurge. The coin would be best suited for long term traders as it would be given them the expected result.

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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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