fbpx
Price Analysis

Litecoin Price Analysis: LTC is Down by 6% in the Last 24 Hours

Bullish Medium-term Intact

Smarter_way_USA
  • Litecoin price fell down by 6% in the last 24 hours, giving a shock to the intraday traders.
  • The bullish medium-term places the target at $150.

After a phase of high and stable growth, Litecoin (LTC) seems to have missed its pattern yesterday. On the 1 day chart, it has made a price range of 7 USD (136 USD – 129 USD). The almost 6% change in the price has made a huge amount of actions on the intraday trading from the side of short-term traders or speculators. The biggest fall in the last 24 hours happened between 13th June 20:35 UTC and 14th June 01:15 UTC. The loss percentage was as high as 6.03% over just 5 hours. The coin was its lowest at the moment at 128.33 USD. However, it soon managed to gain momentum and reached 133 USD. These ups and downs are likely to continue as we have already predicted. However, the medium-term outlook is bullish for Litecoin. By the end of this year, the coin may be around 150 USD. Let us look at the current details of the coin.

LTC/USD YTD Chart By TradingView

LTC to USD YTD Chart

Current Statistics of Litecoin-

Litecoin (LTC)14th June 21:14:11 UTC
ROI (Return on Investment)2,930.18%
Coin Circulation62,224,776 LTC
Market Cap8,107,424,077 USD
Litecoin Price in USD130.76 BTC
24h Volume4,264,585,213 USD
90 Day High / Low$142.71 USD / $58.33 USD
52 Week High / Low$142.71 USD / $22.82 USD

Litecoin Price Comparison-

Litecoin has its lowest point of 2019 on 13th January at around 29 USD. However, from the mid of March, the coin started growing. 24 days from 13th March, the Litecoin gained 65.56% and reached $91.72. But the momentum was lost, and the coin fell by 25.37% in the next 23 days. Again there was another phase of growth where the coin gained 31.86% in just 6 days and reached at $97.15 on 15th May. The market cap on 15th May was 5,784,908,298 USD.

Litecoin Price Prediction-

The short-term outlook is bearish, and it is likely to go through many rough price variations. However, the medium to long-term outlook is bullish. By the end of this year, the value of LTC price may be around 150 USD.

Conclusion-

The price variations may give a good opportunity for the speculators to play, but they need to be cautious as the variations are unprecedented and steep. Long-term holding will be profitable.

Tags

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.
Event Information
Event Information
Back to top button