Price Analysis

Litecoin Price Analysis: Litecoin (LTC) is Making Short Yet Gradual Steps towards $200

  • Litecoin (LTC) finds its place near $136 after touching showing few variations.
  • The 2019 target price remains around $200.

Stability has been the other name of Litecoin (LTC). This stability has made the coin to earn many new investors. In the recent past, the coin has not shown any huge, unprecedented price variation barring few exceptions. In the last 5 days Litecoin chart, the coin’s range lies in between 143 USD and 126 USD. But the steep price variations are just two in numbers. The same way in the last 24 hours, the coin also maintained its value around yesterday’s value of 136 USD. The highest point in the last 24 hours stands at 138 USD whereas the lowest point stands at 134 USD. The journey from 138 USD to 134 USD took 8 hours, giving ample space for the traders to settle. However, the coin is expected to have good growth in the recent future. By the end of 2019, the value may be in the range of 185 USD to 200 USD. Let us have a look at the current details of the coin.

Statistics From Litecoin Price Chart-

Litecoin Price Chart - 17 June

Litecoin (LTC)17th June 02:40 UTC
Rank4th
ROI (Return on Investment)3,074.04%
Coin Circulation62,257,275 LTC
Market Cap8,538,201,026 USD
Value in USD135.51 USD
Value in BTC0.01518174 BTC
24h Volume4,363,264,041 USD

LTC to USD Price Comparison-

The initial period of this year for Litecoin (LTC) was not very conducive of growth. The period between 08th January and 10th February showed no major growth episode. The lowest point of Litecoin (LTC) of this year also lies in this period at 30.15 USD.  However, the April book brought little relief for the market when the coin gained almost 60% in 11 days. But the relief was again a short-term one. In the next 24 days, the coin lost 27% of its value. The market cap on 17th May was 5,478,956,764 USD, and the value of each coin was 90.06 USD. The current market cap and the value of each coin are respectively 55.83% and 50.46% more than the figures for the last month.

Litecoin Price Prediction-

The medium-term of Litecoin (LTC) is bullish, and the LTC price is likely to be around 185 USD to 200 USD by the end of this year. Litecoin (LTC) may find one price resistance of around 150 USD.

Conclusion-

Investing in fresh LTC coins will be a prudent decision. Long-term holding will give at least a 50% return on the current investment amount.

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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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