Price Analysis

Litecoin Price Analysis: Litecoin CEO Invited to Warren Buffet Lunch by Justin Sun

  • Tron CEO Justin Sun has invited Charlie Lee of Litecoin to the lunch date with Warren Buffet along with other crypto majors.
  • The value of Litecoin is likely to touch $150 by the end of 2019.

There is no doubt in the fact that the whole crypto industry needs more recognition and support of many major industrialists to prosper. To garner this support, Tron (TRX) CEO Justin Sun won a lunch date worth over four and a half million USD. And now he has invited other eminent players of the industry to be accompanied with him to the lunch date with Warren Buffet. His primary picks are Vitalik Buterin from Ethereum, Charlie Lee of Litecoin, and Changpeng Zhao (CZ) of Binance. Though there is no confirmation from the side of Litecoin (LTC) regarding this invitation, this is a good sign for the Litecoin holders as the goodwill of the coin is on the rise. The medium-term of the coin is likely to be bullish, and our prediction places the coin near 150 USD. We should now analyze the current data of the coin to understand the growth pattern.

Litecoin Price Statistics-

Litecoin Price Chart - 7 June

Litecoin (LTC)07th June 06:19 UTC
Rank5th
ROI (Return on Investment)2,477.08%
Coin Circulation62,112,126 LTC
Market Cap6,891,240,427 USD
Value in USD114.57 USD
Value in BTC0.01421735 BTC
24h Volume4,768,627,113 USD

Litecoin Price Comparison-

Litecoin (LTC) started the journey with cold feet, but the growth it has shown until now is commendable.  Barring a few instances of falls, the coin almost has managed to grow by a huge margin. The lowest point of the coin was on 13th January at 30.64 USD. But by the end of February until the April boom, the coin gained 106.54% of its value in just 41 days. The market cap on the 07th May was 4,632,430,749 USD, and the value of each coin was 77.63 USD. The current market cap and the value of each coin are respectively 48.76% and 47.58% more than the figures for last month.

Litecoin Price Prediction-

As mentioned earlier, the coin is likely to experience a bullish medium-term. By the end of 2019, the coin may see the price level around 150 USD. Investors need to cautious about the resistance point, which may fall around 120 USD and 125 USD.

Conclusion-

Existing investors need to trade by keeping in mind the resistance points. Holding Litecoin for a longer time frame 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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