Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Crawls Near $75 For The Second Day Straight

  • Litecoin (LTC) retains its value near $75 for the second day straight.
  • The medium-term of the coin is bullish, but a price rally may have to wait.

Despite Bitcoin’s early recovery, Litecoin could not make a rise over the last 24 hours. The coin is at an overall loss of 0.43%. The coin has shown three major price variations in this period and shown a range between 71 USD and 77 USD. However, the medium-term is expected to be bullish, and the coin may soon rise to its best. Here are the current details of the coin.

Litecoin Price Statistics-

Litecoin (LTC)16th August 03:16 UTC
Rank5th
ROI (Return on Investment)1,666.54%
Coin Circulation63,046,181 LTC
Market Cap4,802,899,202 USD
Value in USD75.74 USD
Value in BTC0.00735604 BTC
24h Volume3,519,712,282 USD

LTC to USD Price Comparison-

Litecoin Price Prediction
Litecoin Price Chart by TradingView

Litecoin was at its peak near its opening duration of 15th August. It faced a steep cut in the value by 7.73%, which took the coin from 77.32 USD to the lowest of the day at 71.34 USD. After a few hours of volatility, the coin could rise from the setback and reached 77 USD over 9 hours and 43 minutes from 06:18 UTC. However, the coin could not sustain its value near 77 USD, and soon it faced a fall of 2.80%, which placed the value of Litecoin at 75.51 USD by 00:58 UTC of today. Even after almost three hours, the coin is roaming around 75 USD price level.

LTC Price Prediction-

Though being one of the top-ranked coins, Litecoin has not been able to show a recovery. However, the coin may have to remain in this phase for longer, and it should now aim at the first resistance at 78 USD before racing towards 100 USD mark. Here are the probable resistance and support levels of Litecoin.

Litecoin (LTC) 
1st Resistance78.93333333 USD
2nd Resistance81.47666667 USD
3rd Resistance84.44333333 USD
1st Support Level73.42333333 USD
2nd Support Level70.45666667 USD
3rd Support Level67.91333333 USD

 

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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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