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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Gains 1.87%; Still Lags Behind $75

  • Litecoin is up by 1.87% over the last 24 hours, but it is yet to touch the 75 USD price level.
  • The next resistance may come at 75.01 USD for LTC.

Litecoin has gained 1.87% over the last 24 hours and managed to be placed at 73 USD from 71 USD in 1 day. But it is still lagging behind 75 USD price level, which is the bare minimum mark for the coin to bring about a price rally. Here we will analyze the four major price swings of the coin of the last 1 day and before that, let us see the current details of the coin.

Litecoin Price Statistics-

Litecoin (LTC)23rd August 02:10 UTC
Rank5th
ROI (Return on Investment)1,606.07%
Coin Circulation63,091,962 LTC
Market Cap4,622,980,394 USD
Value in USD73.11 USD
Value in BTC0.00725343 BTC
24h Volume2,870,368,644 USD

LTC to USD Price Comparison-

LTC Price Prediction
LTC Price Chart by TradingView

Litecoin opened the day at 73.58 USD and soon it encountered with a fall of 3.44% which pushed the coin to 71.05 USD by 01:57 UTC. This fall made the coin to see the lowest point of the day.  It was followed by a hike of 4.91% over the next 11 hours and this placed the coin at 74.53 USD, the top-most value in the last 24 hours. But the hike could not be sustained beyond 13:00 UTC and the value of each coin took a cut of 1.25 USD to be placed at 73.29 USD. After a few hours of volatility, the coin again showed a dip in the value between 18:37 UTC and 00:28 UTC and this dip of 2.17% made the coin to go to 72.74 USD.

LTC Price Prediction-

Litecoin is struggling hard to reach 75 USD whereas, before a couple of weeks, it was about to breach 100 USD price point. Looking at yesterday’s growth, it can be said that the coin may take such small steps towards price rally. The details of the next resistance and support levels are given below.

Litecoin (LTC)
1st Resistance75.01 USD
2nd Resistance76.42 USD
3rd Resistance78.27 USD
1st Support Level71.75 USD
2nd Support Level69.9 USD
3rd Support Level68.49 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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