fbpx
Price Analysis

Litecoin (LTC) Moderately Recovers from the Price Drop

Litecoin is among the top cryptocurrencies of the crypto market. The currency has reflected a noteworthy performance since its inception. If we talk about the ongoing year, the first two months were amazing with Litecoin. The coin has even outperformed Bitcoin during the specified period. Well, the momentum took a weird turn in the third quarter. Probably, it happened because of market pressure.

However, the last 30-days have yet again brought a better picture of Litecoin. There has been a significant improvement in the coin.

Litecoin Price Analysis

Litecoin is clearly reflecting a fall in the price from last month. Starting from August 13, 2019, the price started slipping. The fall marked was of 16.02% from $85 to $72. The drop continued and further, the LTC price shifted from $78.872 to $70.839 by 10.18%. Litecoin tried to hold tight in the range of $72 to $74 but couldn’t. The currency fell from $72.289 to $62.360 by 13.96%. LTC closed the month at $64.75. The ongoing month started with recovery. Litecoin price moved from $64.758 to $70.727 by 9.22%. Further, LTC price slipped, but the later recovered and started dealing at $69.300.

Litecoin Price
Litecoin Chart By TradingView

Litecoin was trading at $85.957 at the beginning of the month and now it is at $69.300. If we compare the prices the coin is now dealing at a loss of 19.53%. However, the loss marked from 13th August to 31st August was of 24.55%. On August 13, 2019, LTC was at $85.957, and on August 31, it was at $64.758. The recovery in the price is by 7%. Litecoin is considered to have a great future. Litecoin is a great coin to ensure high dividends. The long-term investment plan in LTC would give maximum result to the traders.

Tags
Show More

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.

Related Articles

Back to top button