Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Has A Promising Future; $150 to Come Soon

  • Litecoin gained 1 USD per coin after showing huge price variations in the range of 6 USD.
  • The year-end target price remains at 200 USD.

Litecoin (LTC) is one of the most favorite coins in the market because of its stability and huge untapped potential. Looking at the ROI as well, one can easily put a bet on Litecoin’s growth. In the last 24 hours, the coin has shown overall stable growth with four major price changes as shown in Litecoin chart. Yesterday’s value was roaming around 134 USD, but it fell down to 128 USD by 07:45 UTC. However, soon, a steep surge was noticed between 12:34 UTC and 13:46 UTC when the coin gained at least 7 USD per coin. But the coin soon fell to 131 USD again in the next 4 hours. However, another push around 19:45 UTC helped the coin to go to its current value of 134 USD. The medium-term outlook is bullish for Litecoin. By this year’s ending, it is likely to reach 200 USD, only after it takes consistent steps to reach 150 USD.

LTC Price Statistics-

Litecoin Price Chart - 19 June
Litecoin Price Chart
Litecoin (LTC)19th June 04:02 UTC
Rank4th
ROI (Return on Investment)3,030.27%
Coin Circulation62,287,625 LTC
Market Cap8,381,628,017 USD
Value in USD134.48 USD
Value in BTC0.01469008 BTC
24h Volume3,754,887,747 USD

LTC to USD Price Comparison-

The initial period of 2019 for Litecoin has not been the best performing time. The major growth period started at the onset of April. One comparison can be drawn between its growth between 13th January to 1st April and 1st April to 6th April. In the former duration of 73 days, the coin gained 104.51% whereas in only 5 days it managed to grow almost 51%. However, the April market boom was not sustained for Litecoin like many other coins. The next 23 days saw a fall of 25.13%. The market cap on 19th May was 5,575,250,125 USD, and the value of each coin stood at 94.50 USD. The current market cap and the value of each coin are respectively 50.33% and 42.30% more than the values of the last month.

Litecoin Price Prediction-

As mentioned earlier, a bullish period in the medium-term is likely for Litecoin. One major resistance may be there around 165 USD. By the end of this year, the value may get as high as 200 USD.

Conclusion-

Litecoin’s bullish outlook is surely a good sign for the new entrants to dive in. Holding until the year’s end may give the investors at least 50% profit over their current investment.

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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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