Price Analysis

Litecoin Price Analysis: Litecoin (LTC) is Nearing $140 Mark; Resistance Maybe around $150

  • Litecoin (LTC) reaches near 137 USD; resistance point may be found near 150 USD.
  • The target price of 2019 remains at 150 USD.

Litecoin (LTC) is one of the most traded crypto coins. Many investors and speculators watch the price trend of this coin as this coin tends to pay out quick money. Something similar also happened in the last week for Litecoin (LTC). In the previous 7 days, the coin has managed to grow from 116 USD to the current 137 USD. It even touched 141 USD for a short period. The price trend must have helped many short-term investors when the coin gained almost 20% in this period. The 24 hours chart is also noteworthy. It started at around 133 USD. And with 3 significant rises, the coin even touched 139 USD, though for a few minutes. But the investors must have got a big window to realize the profit in this period. The medium-term outlook is bullish for Litecoin (LTC). The 2019 price target should be 150 USD and head towards 200 USD. Let us analyze the current details of the coin.

Current Price Statistics From Litecoin Price Chart:

Litecoin Price Chart - 16 June

Litecoin (LTC)16th June 02:48 UTC
Rank4th
ROI (Return on Investment)3,080.76%
Coin Circulation62,243,025 LTC
Market Cap8,527,077,412 USD
Value in USD136.94 USD
Value in BTC0.01527954 BTC
24h Volume4,113,843,737 USD

Litecoin Price Comparison-

The initial period of this year for Litecoin (LTC) was not significant, but by the end of March, it managed to gain momentum. The lowest point of the coin was on 13th January at 29.93 USD. On 26th March the coin managed to grow 54.62% over 11 days from the price of 59.11 USD. But the growth was not a sustained one. It started falling by 26.60% in the next 23 days. The market cap on 16th May was 5,921,331,039 USD, and the value of each coin was 96.36 USD. The current market cap and the value of each coin are respectively 44% and 42.11% more than the values of the last month.

Litecoin Price Prediction-

As mentioned earlier, the medium-term of Litecoin is likely to remain bullish. By the end of 2019, the coin’s value may be roaming around 185 USD and then heading towards 200 USD. The next resistance point may be found at 150 USD mark.

Conclusion-

As the price on a rally, it is advised to start investing by buying fresh coins. But the target should be a long-term holding. Holding until the 1st quarter of 2020 may give 50% returns on the current investment value.

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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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