Price Analysis

Litecoin Price Analysis: Litecoin is Up by 13% after Five Price Variations in 24 Hours

Litecoin (LTC) has added some value after Bitcoin’s weak signs of revival in the market. The coin has strong fundamentals, and the coin is likely to run a bullish price rally soon. Here is an analysis of the LTC price movement of the last 24 hours. The medium-term outlook is bullish for the coin, and it is likely to reach around $180 to $200 by the end of 2019. Let us look at the current details of the coin first.

Litecoin Price Statistics-

Litecoin (LTC)18th July 02:49 UTC
Rank4th
ROI (Return on Investment)1,970.54%
Coin Circulation62,711,562 LTC
Market Cap5,611,018,503 USD
Value in USD89.07 USD
Value in BTC0.00913310 BTC
24h Volume4,584,591,638 USD

LTC to USD Price Comparison-

Litecoin Price Chart - 18 July
Litecoin Chart by TradingView

LTC to USD faced its first swing in terms of a fall of 4.42% between 00:39 UTC and 02:11 UTC. This fall cost the coin 3.58 USD. Again between 06:42 UTC and 11:47 UTC, the coin lost 4.28%. It was followed by a hike of 22.03% over the next 4 hours and 20 minutes from 11:46 UTC. This hike added 22.03% or 17.07 USD. Another steep fall was noticed between 16:07 UTC and 00:49 UTC. This fall deducted 7.90% from the coin. A small hike was noticed thereafter between 00:49 UTC and 01:52 UTC. This small hike added 3.37 USD to the coin. These are the five price swings of Litecoin in the last 24 hours. All of them lie in the range of 3% and 22%.

Litecoin Price Prediction-

The medium-term outlook of Litecoin is bullish, and the coin is likely to touch 200 USD by the end of 2019. The next resistance points are 96.07 USD, 102.33 USD, and 111.62 USD. The support levels are 80.52 USD, 71.23 USD, and 64.97 USD.

Conclusion-

Litecoin is likely to have a bullish run after some more days of sluggish growth. Investors will be yielding huge return if they hold the coin at least till the end of this year.

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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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