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Price Analysis

Litecoin Price Analysis: Litecoin Has Gained 355% Since The Starting of 2019

  • Litecoin’s current value shows that the coin has been able to gain 355% since the starting of the year.
  • The 2019 target remains at 160 USD.

At the times when most of the altcoins are facing difficulties in the market, Litecoin (LTC) is climbing step by step, giving a tough fight to many major cryptocurrencies. Litecoin (LTC) has grown by almost 9% over the last 24 hours. And if we compare the current value of Litecoin (LTC) with the value it started off the year with; it is an increase of almost 355%. The current trading value is the highest value of the last 12 months as well. The gain of this year is even more than Bitcoin and Ether, which have increased by 140% and 115% respectively. The current growth has been able to create a wave of appreciation in public forums and twitter. Many crypto influencers and experts have tweeted in the last few days appreciating the growth of Litecoin (LTC). We predict a bullish medium-term outlook for this coin. By the end of 2019, the coin may go beyond the 160 USD target. Let us look at the current details of the coin.

Current Statistics of Litecoin-

Litecoin Price Chart - 12 June

Litecoin (LTC)12th June 08:10 UTC
Rank4th
ROI (Return on Investment)3,132.42%
Coin Circulation62,187,351 LTC
Market Cap8,657,752,964 USD
Value in USD139.19 USD
Value in BTC0.01746899 BTC
24h Volume5,607,714,959 USD

Litecoin Comparison-

Litecoin (LTC) started the year with a very moderate price, and it has grown consistently over the last 5 months. The 1st growth was noticed on 04th March when the coin gained almost 100% of its value in a month’s period. But the momentum was lost for some time to be able to revive again by 29th April. Over 16 days, the coin gained 52.41%. The market cap on 12th May was 5,674,666,526 USD. And the value of each coin was 85.08 USD. The current market cap and the value of each coin are respectively 52.56% and 63.59% more than the figures for last month.

Litecoin Price Prediction-

As we have predicted, the coin is on fire now. But soon the coin may enter into price correction phase to lose some of its value, but on the medium-term, the coin’s outlook remains bullish. By the end of 2019, the coin is likely to go beyond 160 USD.

Conclusion-

Looking at the price trend, it is safe to start investing in the Litecoin. Long-term investment will be the key here for realizing maximum profit.

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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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