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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Gains with a Smooth Pace; No Abrupt Movement is Likely

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  • Litecoin (LTC) shows 4 major price variations in the last 24 hours.
  • The medium-term bullish outlook places the target for 2019 at 200 USD.

Like all other major altcoins, Litecoin also was impacted heavily by the price movements of Bitcoin. Litecoin is one of the most-used and trusted coins. It has shown four major price variations in the last 24 hours. The first variations of yesterday was a fall of 3.37% between 00:52 UTC and 03:03 UTC. Again a hike of 4.73% was noticed between 07:49 UTC and 08:55 UTC. It was followed by a huge hike of 4.69% that happened over 9 hours starting from 10:16 UTC. There was a steep fall that accounted for a 5% loss in the value as well between 19:24 UTC and 01:57 of today.

However, the medium-term outlook of Litecoin is bullish. By the end of this year, the coin may be roaming around 200 USD. Let us look at the current details of the coin from Litecoin chart.

LTC Price Statistics-

Litecoin Price Chart - 29 June
Litecoin Price Chart
Litecoin (LTC)29th June 03:12 UTC
Rank5th
ROI (Return on Investment)2,618.20%
Coin Circulation62,436,826 LTC
Market Cap7,312,271,913 USD
Value in USD115.61 USD
Value in BTC0.00995629 BTC
24h Volume4,478,154,489 USD

LTC to USD Price Comparison-

Litecoin faced its first hike of 87.83% between 06th February and 16th March trading from 32.04 USD to 60.18 USD. And the next phase of growth was noticed at the onset of April. The April boom pushed the coin to gain 57.53% between 26th March and 06th April trading from 58.62 USD to 92.12 USD.  It was followed by a fall of 27.15% in the next 23 days to trade at 67.11 USD. The latest growth of 59.58% was made between 22nd May and 22nd June. The market cap on 29th May was 7,075,691,561 USD, and the value of each coin was 115.80 USD. The current market cap and the value of each coin are respectively 3.34% more and 0.16% less than the values of the last month.

Litecoin Price Prediction-

The medium-term outlook of Litecoin is bullish. By the end of 2019, the coin is likely to be around 200 USD. The next resistance points are 123.6233333 USD, 127.0966667 USD, and 132.1733333 USD. The support levels are 115.0733333 USD, 109.9966667 USD, and 106.5233333 USD.

Conclusion-

The coin has a good future, so the current price makes a good deal for the long-term traders. Investors need to aware of the resistance points before diving in.

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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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