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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) accepted for payment by Flexa; upsurge in the price

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Flexa added Litecoin as the payment option. Litecoin will now be used at 39,250 locations because of the Flexa integration. The coin will now add more volume in the market cap which would help Litecoin to climb up on the spot. Litecoin is currently at the 4th position in the crypto market.

Flexa also confessed that Litecoin is the first coin added after the U.S. Launch. Let’s have look at the chart.

Current Statistics of Litecoin (LTC):

The chart is taken from Trading View on 06th July 2019, at 09:20:25 UTC for price analysis.

LTC

Summary of the Statistics:

  • The current trading price of the coin is $118.30 USD.
  • The coin is at the 4th rank in the crypto market.
  • The market cap is noted as $7,408,729,667 USD.
  • The circulating supply of Litecoin is noted as 62,540,716 LTC.
  • The Return on Investment of LTC is 2655.05%.
  • The 24hr volume is marked at $3,965,793,335 USD.

Yesterday, the coin started at $119. The coin dropped in the first hour to $118. The loss booked was by 0.56%. The price immediately picked up and touched $120.77 marking a progression of 1.78%. The level broke and dropped from $120 to $117 by 2.83%. Later, the coin again picked up from $117 to $120. The hike in percentage was by 2.71%. During the entire day, the price moved from $119 to $118. The loss registered in the price was 0.41%. Today, the coin jumped from $118 to $120. The hike in the price was by 1.49%. Currently, the price is hovering around $118.

Price Prediction and Conclusion:

Litecoin holds great potential. Also, the coin is the most reliable token in the crypto market.  The future of the coin is flourishing. We are expecting that Litecoin (LTC) would be seen trading at $200 by the end of 2019.

The future looks brighter for Litecoin. The investors can go long for the currency and draw huge dividends.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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