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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Loses $20 in 24 Hours; Support Level at $106

  • Litecoin (LTC) lost almost 20 USD in the last 24 hours.
  • The bullish outlook places the target at 200 USD.

On Bitcoin’s impact, Litecoin (LTC) also has started losing value in the last 24 hours. There were in total of four major price variations in the last 1 day.

The first fall started at 00:13 UTC, and it lasted for 6 hours and 23 minutes. This fall was of 12.06%. Another fall followed it. This fall was accounted for 7.66% that happened over 1 hour and 58 minutes. However, the coin gained strength between 14:06 UTC and 16:04 UTC. This gain was of 9.40%. It was soon followed by a fall of 10.17% that happened over the next 4 hours and 33 minutes. However, the coin is likely to find a bullish run by the end of 2019. The value may reach as high as 200 USD by 2019’s end. Let us analyze the current details of the coin from Litecoin chart.

LTC Price Statistics-

Litecoin Price Chart - 28 June
Litecoin Price Chart
Litecoin (LTC)28th June 03:18 UTC
Rank4th
ROI (Return on Investment)2,547.41%
Coin Circulation62,422,651 LTC
Market Cap7,103,132,212 USD
Value in USD112.88 USD
Value in BTC0.01038262 BTC
24h Volume5,435,981,312 USD

LTC to USD Price Comparison-

Litecoin has been showing gradual growth since the starting of 2019.

The first growth of 70.49% was noticed between 13th January and 23rd January. It was followed by another hike of 102.07% that started on 04th March with a trading price of 45.05 USD and lasted over the next 33 days having a trading price of 91.24 USD. It was followed by a fall of 26.83% over the next 23 days where the coin traded at 66.12 USD. Soon another hike of 55.70% was noticed between 29th April and 15th May. The latest hike of 38.33% happened between 04th June and 22nd June. The market cap on 28th May was 7,015,969,632 USD, and the value of each coin was 114.92 USD. The current market cap and the value of each coin are respectively 1.24% more and 1.77% less than the values of the last month.

Litecoin Price Prediction-

The medium-term outlook is bullish for Litecoin. The coin is likely to reach 200 USD by the end of this year. The next resistance points are 127.4033333 USD, 140.4066667 USD, and 148.7733333 USD. The support levels are 106.0333333 USD, 97.66666667 USD, and 84.66333333 USD.

Conclusion-

The coin is losing its value rapidly from the last few hours. New entrants are advised to buy fresh coins at these lower prices. Long-term holding will give decent returns.

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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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