Price Analysis

Litecoin Price Analysis: Is Litecoin (LTC) Seeking Support at $87 Now?

  • Litecoin dwindles by 1.5% over the last 24 hours.
  • It may be finding support at somewhere near 87 USD.

Litecoin is now being traded around 88 USD, and it has lost almost 1.5% over the last 24 hours. The coin has been reeling under market pressure for the last few days. However, the coin is likely to shoot its price before the starting of the next quarter. It is expected to touch up to 200 USD by the end of 2019. Let us analyze the current data of the LTC coin to understand its growth pattern clearly.

Current Statistics of Litecoin-

Litecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC)30th  July 04:08 UTC
Rank4th
ROI (Return on Investment)1,976.88%
Coin Circulation62,882,743 LTC
Market Cap5,611,285,386 USD
Value in USD88.90 USD
Value in BTC0.00943664 BTC
24-Hour Volume2,371,890,331 USD

LTC to USD Price Comparison-

Litecoin was at its highest price of the day at 01:45 UTC when it was trading around 92.03 USD. Soon the coin was pushed to 87.93 USD over almost 8 hours. This fall of 4.46% was followed by a small yet decisive hike of 2.77% and added 2.44 USD to the value of each coin. The next variation was another dip in the price by 3.04%, which deducted 2.75 USD from the coin by 16:00 UTC. There was a big push waiting for the investors which happened between 16:00 UTC and 21:18 UTC. This gain of 3.67 USD was one of the most important points for intraday traders. However, the coin, towards closing started to weaken. And starting from 22:54 UTC, over 4 hours, it was devalued by 2.93% or 2.67 USD.

Litecoin Price Prediction-

Litecoin may be below 90 USD now, but we should not forget its shooting price level before 1 month. The coin has huge potential to showcase in the market. The 2019 target should not be any less than 200 USD. The details of the resistance and support levels are as follows.

Litecoin (LTC)Resistance & Support Levels
R191.69 USD
R292.95 USD
R394.51 USD
S188.87 USD
S287.31 USD
S386.05 USD

Conclusion-

Litecoin may see the value against USD somewhere near 87 USD in coming days. But it is likely to flourish by the end of this quarter.

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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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