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Price Analysis

Litecoin (LTC) To Soon Pick Up The Pace As Bitcoin Cash (BCH) And Binance Coin (BNB) – LTC, BCH & BNB Price Analysis

LTC/USD Price Analysis:

Litecoin Price Chart
Litecoin Price Chart

Litecoin (LTC) has performed commendably since the beginning of the year. The coin has an outperforming quality amongst the rest of the altcoins.

Although looking at the above chart, we can observe regression in the coin. On 2nd August, the coin dropped by 3.36% from $98.65 to $95.42, and the coin kept slipping after that. On 3rd August, the coin changed counters from $95.4 to $94.7 by -0.67%. Next day, the coin again slipped and touched a low at $94.4 from $94.7. However, on 5th August, the coin closed with a positive move. The price slightly changed from $94.4 to $95.9. On 6th August, the coin again started dropping from $95.7 to $90.4. Yesterday, the coin changed places from $92.7 to $90.4 by 2.41%. The coin is currently trading at $89.4.

The current trend of Litecoin (LTC) looks a little disappointing. The same is expected to be recovered within some time. Till then, the traders are requested to stay put as the coin has a high prospect of closing the year around $150 to $200.

BCH/USD Price Analysis:

Bitcoin Cash Price Chart
Bitcoin Cash Price Chart

Bitcoin Cash (BCH) is behaving in a volatile manner since the beginning of the month. The coin has a huge fan base due to the power-packed momentum. The same is also because the coin has never failed the expectation of its investors. Bitcoin Cash is reflecting an upsurge in the weekly chart. Starting from 2nd August, the coin escalated from $339.1 to $340.7. The jump was of 3.53%. Next day, the coin slipped from $340 to $336 by 1.75%. Further, the coins registered a hike of 0.45% as the price jumped from $336 to $337 by 0.45%. On 5th August, the coins switched from $337 to $345 by 2.10%. On 6th August, the coin slipped from $345.09 to $335.6 by 2.70%. Yesterday, the coin jumped from $335 to $336 by 0.34%. Today, the coin opened at $336 and is currently dealing at $332. The coin follows the footsteps of Bitcoin. The currency is likely to cross $550 by the end of 2019. The short-term investment is likely to help the traders draw high dividends.

Binance Coin Price Analysis:

Binance Coin Price Chart
Binance Coin Price Chart

Binance Coin (BNB) has gained a lot of accolades due to its price momentum. There were times when the market was slipping down, but the coin kept its momentum tight. However, the ongoing month saw a different side of the coin. Binance coin (BNB) opened the month with a downtrend. If we look at the weekly chart, the coin started at $28.7 on 02nd August and slipped by 2.75% from $28.7 to $27.9. Next day, the price counters surged from $28 to $27.8 by 0.52%. On 4th August, there was not much of a difference in the coin. On 5th August, the coin jumped from $27.5 to $27.8 by 1.21%. On 6th August, the coin slipped from $27.8 to $27.6 by 0.75%. Yesterday, the coin registered an astronomical hike of 6.68% as the price counters changed from $27 to $29 by 6.68%.

Today, the coin jumped from $29 to $31 by 5.9%. The coin is expected to close the year around $50. The traders should plan for a short-term investment to earn a high dividend.

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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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