Litecoin Price Analysis: Litecoin (LTC) Loses $13 Over 24 Hours; No signs of Revival
Litecoin has lost significantly in the last 24 hours. As per the experts’ view, the fall in the price of Bitcoin has heavily influenced all other altcoins. The decline has pushed the coin even below 90 USD. The medium-term outlook is bullish, but in the short-term, the coin may struggle to get back on its feet. The target price for 2019 end should be 200 USD. Let us look at the current details of the coin now.
Litecoin Price Statistics-
|Litecoin (LTC)||15th July 02:59 UTC|
|ROI (Return on Investment)||1,947.81%|
|Coin Circulation||62,670,012 LTC|
|Market Cap||5,479,116,551 USD|
|Value in USD||88.27 USD|
|Value in BTC||0.00871239 BTC|
|24h Volume||3,916,698,803 USD|
LTC to USD Price Comparison-
Litecoin has gone through many changes in the last 24 hours. The first fall happened between 01:49 UTC and 09:53 UTC. This fall was of 9.23% and the coin lost a whopping 9.40 USD. It was followed by another phase of decline when the coin lost 4.50%. This fall cost the coin 4.16 USD that happened between 09:53 UTC and 18:43 UTC. Then a short stint of revival was noticed between 18:43 UTC and 21:55 UTC. This revival made the coin to gain 6.04% or 5.32 USD over the next 3 hours and 13 minutes. And the final swing was a decline of 8.66%, and this fall cost the coin 8.09 USD.
LTC Price Prediction & Conclusion-
The medium-term outlook is bullish for Litecoin, and the target for 2019 should be retained at 200 USD. The next resistance points are 98.03 USD, 106.29 USD, and 110.9 USD. The support levels are 85.16 USD, 80.55 USD, and 72.29 USD.
According to LTC Predictions by experts, the coin is likely to continue downward correction a little longer. However, it is likely to rise in the medium-term. Hence long-term holders are advised to stay patient until the end of 2019.