Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Comes Down to 5th Rank in Top Coins despite 1 Day Gain

Litecoin has gained almost 2.5% over the last 24 hours. Litecoin has passed a number of days without any significant rise, yet the coin has not lost everything to bring about a turnaround. LTC coin might find itself near 200 USD by the end of this year. Before analyzing the price movements, let us look at the current details now.

Current Statistics of Litecoin-

Litecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC)31st  July 04:46 UTC
Rank5th
ROI (Return on Investment)2,023.24%
Coin Circulation62,898,268 LTC
Market Cap5,740,220,737 USD
Value in USD91.48 USD
Value in BTC0.00943100 BTC
24-Hour Volume2,309,740,421 USD

LTC to USD Price Comparison-

Litecoin started the day with a decrease in the price when the coin traded against USD from 90.76 USD to 88.45 USD over 3 hours. This fall of 2.54% was waiting for the next huge increment in the price of each coin. This hike made the investors rich by 4.58% after adding 4.05 USD to each Litecoin. This hike managed to bring the coin to the peak of the day at 92.48 USD by 15:17 UTC. From there, the coin experienced the biggest meltdown of the day by losing 2.67 USD by 21:02 UTC. The latest variation came in terms of a hike of 2.19% which added 1.97 USD by 01:00 UTC of today.

LTC Price Prediction-

Litecoin has finally shown some strength over USD, and it is likely to continue the same until the year ends. The target for 2019 should be 200 USD. The list of resistance and support levels are as follows.

Litecoin (LTC) 
1st Resistance92.16666667 USD
2nd Resistance93.76333333 USD
3rd Resistance95.33666667 USD
1st Support Level88.99666667 USD
2nd Support Level87.42333333 USD
3rd Support Level85.82666667 USD

 Conclusion-

Litecoin’s recent growth is a good sign for the investors who are eagerly waiting for a bullish price rally. The target of 200 USD seems reasonable for this year’s end.

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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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