fbpx
Price Analysis

Litecoin (LTC) Price Indicates A Moderate Upsurge; Might Close Around $68

  • Litecoin (LTC) price keeps the upsurge intact.
  • The intraday traders can expect a flourishing day ahead.

Litecoin (LTC) price escalates on the intraday chart. The indications are positive indications that the coin would keep the upsurge intact. The coin has shown some fireworks in the first two quarters, but from the third quarter, Litecoin (LTC) came under market pressure.

The last month of the third quarter starts with high expectations from the investments in Litecoin. LTC is also among the coins that are expected to bring the rally to the altcoin market. Let’s have a look at the intraday chart.

Current Statistics of Litecoin:

  • The coin is trading at $65.96.
  • The ROI (Return on Investment) marked around 1433.96%.
  • The 24hr volume of the coin is $2,024,078,006.
  • The market cap is noted as $4,166,177,509.
  • 63,164,599 LTC coins are circulating in the market.

LTC to USD Price Comparison:

The chart is taken from Trading View on 2nd August 2019 at 05:59:24 UTC for price analysis.

LTC Price Prediction
LTC Price Chart by TradingView

The chart is reflecting a huge recovery in the coin. Starting from yesterday, the coin opened at $54.6. The coin jumped from $54.6 to $65.1 by 0.77%. Later, the coin fell from $65.0 to $64.5 by 0.78%. There was a huge recovery towards the end of the day where the price switched from $64.6 to $67 by 3.78%. The intraday progression was of 2.76% as the coin closed at $66.4. Today, the day began with a slight regression. The fall was of 0.58%. The price counters changed from $66.4 to $66. The rest of the day holds high hopes. We are expecting the coin to close the day at $68.

Litecoin Price Prediction and Conclusion:

Litecoin (LTC) has the potential to take Bitcoin’s place in the market. Apparently, that is because Litecoin outperformed Bitcoin. The second half of the month is governed by Bitcoin. Though there is not much upsurge, Bitcoin hasn’t fallen as much as Litecoin.

The condition of the market is speculated to be improved at some time. The investment in the coin is likely to bring colossal profit to the investors. We would recommend the traders to opt for long term investment in Litecoin to attain the expected result. The coming years are likely to bring flourishing change in the price of the coin.

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