Price Analysis

Litecoin Price Analysis: Litecoin Losing a Big $3 Value in 1 Day is not a Good Sign for Stability

  • LTC experienced a huge fall in the market in the last 24 hours.
  • The 2019 target remains at 200 USD.

Litecoin (LTC) is one of the major coins in contemporary times. It has shown not only huge potentials but also shown tremendous stability in the market over time. But the last 24 hours was one of the most unstable periods for the coin. LTC started around 137 USD and showed five major price variations in the last 24 hours. In the initial hours, the coin lost 1 USD in value over almost 10 hours. But a sudden steep fall happened when the coin got from 136.5 USD to 132 USD in just an hour. However, the coin finally managed to gain some strengths and gets back to 133 USD price level. If we consider the last 5 days’ chart, we can see the price range of LTC lies between 125 USD and 139 USD. However, the coin has a bullish medium-term, and the price target of the year-end remains around 200 USD. Let us look at the current details of the coin.

Statistics From Litecoin Price Chart-

Litecoin Price Chart - 18 June

Litecoin (LTC)18th June 02:29 UTC
Rank4th
ROI (Return on Investment)3,010.20%
Coin Circulation62,271,900 LTC
Market Cap8,449,566,090 USD
Value in USD133.01 USD
Value in BTC0.01480405 BTC
24h Volume3,932,774,269 USD

LTC to USD Price Comparison-

Though LTC started the year with a moderate price level, the 1st month also experienced a gradual rise in the price. On 13th January the coin started growing, and it gained around 50.82% in 28 days. The onset of April also showed huge strength. Over just 10 days the coin was pushed to yield 50% on the value to again fall back and lose 26.89%. These ups and downs have managed to get the price of LTC beyond 100 USD. The market cap on 18th May was 5,442,543,691 USD, and the value of each coin stood at 86.84 USD. The current market cap and the value of each coin are respectively 55.25% and 53.16% more than the figures for the last month.

Litecoin Price Prediction-

We predict a bullish medium-term outlook for the coin. In the short-term as well the coin is likely to have a bullish run. Investors, aiming to hold the coins until the year’s end should target the 200 USD price mark. Buying fresh coins is advised.

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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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