Price Analysis

Litecoin Price Analysis: Does Litecoin’s Stability Mean its Readiness for a Price Rally?

Litecoin is also going with the flow of the market. It has neither shown any huge gain nor any steep fall. The coin also has shown four major price swings in the last 24 hours. The medium-term outlook of the LTC is bullish. By the end of 2019, the Litecoin price is expected to reach 200 USD. Let us look at the current details of the coin.

Current Statistics of Litecoin-

Litecoin (LTC)22nd July 03:06 UTC
Rank4th
ROI (Return on Investment)2,217.11%
Coin Circulation62,767,537 LTC
Market Cap6,152,888,301 USD
Value in USD99.61 USD
Value in BTC0.00934057 BTC
24h Volume2,950,392,950 USD

LTC to USD Price Comparison-

ltc price chart - 22 July 2019
Litecoin Price Chart by TradingView

Litecoin faced its first variation as a steep fall of 4.62% between 00:35 UTC and 03:03 UTC. This fall cost the coin 4.69 USD. It was followed by a steep hike of 4.11% between 03:03 UTC and 09:22 UTC. This hike added 3.98 USD to the Litecoin price. The next variation was another fall that happened between 09:22 UTC and 14:42 UTC. This fall of 4.29% cost the coin 4.32 USD. The last one is a hike of 4.39% over the next 9 hours and 32 minutes from 14:42 UTC. This hike added 4.23 USD to the value of each coin. These are the four major price swing of Litecoin in the last 24 hours.

Litecoin Price Prediction & Conclusion-

Litecoin has a bullish medium-term outlook. By the end of 2019, the coin is likely to be around 200 USD. The next resistance points are 101.75 USD, 103.87 USD, and 106.27 USD. The support levels are 97.23 USD, 94.83 USD, and 92.71 USD.

Litecoin has been showing excellent stability in the last few days. So, it may take more time to experience a price rally. Holding coins at least until the year’s end will be profitable.

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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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