Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Gains almost 2%; Still, a Long Way to Go for the Century Mark

  • Litecoin (LTC) is up by almost 2% in the last 24 hours.
  • Yesterday’s highest value was 96.53 USD.

Litecoin price seems to be following the footsteps of Bitcoin. Over the past few days, the LTC coin has been showing strength over USD. In the last 24 hours as well, Litecoin is up by almost 2%. Though it is away from 100 USD mark, the coin’s promising growth hints at a possible price rally very soon. The LTC coin is also aiming at a halving today, and this has the potential to impact the LTC price against USD immensely. This year’s end may see the value near 200 USD. Let us analyze the current details of the coin now.

LTC Price Statistics-

Litecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC)5th August 03:21 UTC
Rank5th
ROI (Return on Investment)2,114.87%
Coin Circulation62,969,843 LTC
Market Cap6,012,168,267 USD
Value in USD94.58 USD
Value in BTC0.00824741 BTC
24h Volume2,681,522,611 USD

LTC to USD Price Comparison-

Litecoin started yesterday with a value of around 94 USD. Soon over the next 4 hours, the coin was being traded near 90 USD after a quick fall. The next few hours were free of any major movements. However, between 09:15 UTC and 13:13 UTC, Litecoin price could get a heads up of 3.05% growth, and it boosted the coin to 94 USD again. By 21:12 UTC, LTC price was pushed to 92 USD with the help of a 2.34% decrease. The coin closed Sunday with a value of around 93 USD. However, by 00:44 UTC of today, Litecoin was being traded near 96.5 USD and this was made possible because of a hike of almost 5%.

Litecoin Price Prediction-

Litecoin, as one of the topmost coins, is likely to get to see a price rally soon. By the end of this year, the value may be nearing to 200 USD. Below are the details of the resistances and support levels of the coin.

Litecoin (LTC)
1st Resistance95.24333 USD
2nd Resistance97.28666 USD
3rd Resistance99.18333 USD
1st Support Level91.30333 USD
2nd Support Level89.40666 USD
3rd Support Level87.36333 USD

Conclusion-

Litecoin is to realize its best form in the long-term. The next two weeks might get bouncy, but later a calmed approach of growth can be anticipated.

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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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