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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Is Up By A Small Margin; Resistance is Likely at $139

  • Litecoin (LTC) is likely to find resistance near 139 USD.
  • By the end of this year, the value is likely to be around 200 USD.

Litecoin is considered as one of the major coins in the contemporary market, that have managed to get good growth and stability despite not so good condition of other coins. The coin has managed to get hiked by 2 USD from yesterday’s trading value. In the last 24 hours, it has shown 2 major hikes. The 1st hike was near 6:00 UTC when the coin gained more than 4% in just 3 hours. Another hike happened gradually with a slow pace, which pushed the coin from 135.95 USD to 139.48 USD. A sudden steep fall near 23 UTC forced the coin to remain near 136 USD and 137 USD. However, the upcoming days seem to be bullish for Litecoin. The medium-term outlook places the target of year’s end at 200 USD. We should now analyze the current details of the coin from Litecoin chart.

LTC Price Statistics-

Litecoin Price Chart - 20 June
LTC Chart by Trading View
Litecoin (LTC)20th June 02:20 UTC
Rank4th
ROI (Return on Investment)3,070.39%
Coin Circulation62,301,925 LTC
Market Cap8,495,076,194 USD
Value in USD136.69 USD
Value in BTC0.01470148 BTC
24h Volume4,351,753,619 USD

LTC to USD Price Comparison-

The initial three months of 2019 for Litecoin were not well-performing ones. The lowest point of the coin was on 13th January at around 29.72 USD. The first major triangle trap was seen near last week of March. The coin grew by 50.75% over 5 days from 1st April, and it fell by 27.11% in the next 23 days trading at 66.77 USD. Again at around 07th May, the coin managed to grow by 39.42%. The market cap on 20th May was 5,821,858,708 USD, and the value of each coin was 92.84 USD. The current market cap and the value of each coin are respectively 45.91% and 47.31% more than the values of the last month.

Litecoin Price Prediction-

The medium-term outlook is bullish for Litecoin. The target price for year’s ending should be around 200 USD. The next resistance points are 139.2833333 USD, 141.9666667 USD, and 144.5933333 USD. The support levels are 133.9733333 USD, 131.3466667 USD, and 128.6633333 USD.

Conclusion-

Litecoin is likely to experience a price rally soon, so new investors should dive in with a long-term investment target.

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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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