Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Gives Sudden Shock by Losing $8 in 1 Day

  • Litecoin loses 8 USD over the last 24 hours.
  • It is expected to reach 200 USD by the end of this year.

Litecoin (LTC) is one of the most valuable coins in the conventional market due to its high market cap and increasing interest of investors. But contrary to the movement of Bitcoin (BTC), Litecoin is falling since yesterday. In the last 24 hours, the coin has shown a consistent fall. The first fall was noticed around 06:44 UTC yesterday and the coin lost 1.69% of its value in 4 hours and 15 minutes. The coin encountered its second significant fall between 20:27 UTC and 21:56 UTC. This fall cost the coin 2.04%. And the last big fall was of 3.11%, which happened over 2 hours and 19 minutes. In total, the coin lost 7.59 USD in the previous 22 hours. However, the medium-term is bullish for Litecoin. By the end of this year, the coin is likely to reach 200 USD. Let us look at the current details of the coin from Litecoin chart.

LTC Price Statistics-

Litecoin Price Chart - 24 June
Litecoin Price Chart
Litecoin (LTC)24th June 02:57 UTC
Rank4th
ROI (Return on Investment)3,038.21%
Coin Circulation62,362,169 LTC
Market Cap8,409,926,768 USD
Value in USD134.37 USD
Value in BTC0.01265862 BTC
24h Volume3,972,175,825 USD

LTC to USD Price Comparison-

Litecoin saw its first growth near the starting of April, wherein it got hiked by 56.65% in 11 days. It was followed by a fall of 26.13% over 23 days. Another hike of 37.51% can be noticed between 9th May and 15th May. A small yet effective uptrend was there between 22nd May and 27th May. The coin has gained 32.36% of its value in this period. The market cap on 24th May was 5,518,753,312 USD, and the value of each coin was 100.78 USD. The current market cap and the value of each coin are respectively 52.38% and 33.33% more than the values of the last month.

Litecoin Price Prediction-

As mentioned earlier, the coin is likely to reach 200 USD by the end of this year. The resistance points are 140.8533333 USD, 144.8266667 USD, and 147.0933333 USD. The support levels are 134.6133333 USD, 132.3466667 USD, and 128.3733333 USD.

Conclusion-

New investors should buy a fresh coin to hold for a long-term. At least 50% return is expected if the holding goes until the end of 2019.

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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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