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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Loses 4% In The Last 24 Hours; $68 May Become Its Next Shelter

  • Litecoin (LTC) loses 4% in the last 24 hours following the market trend.
  • It may fall to the next support at 68 USD soon.

The whole crypto market was under pressure yesterday, and Litecoin is no exception to this. The coin has been down by almost 4% over the last 24 hours, and with four huge price variations, the coin has traveled from 75 USD to 70 USD in one day. Let us analyze the current details of the coin now.

Litecoin Price Statistics-

Litecoin (LTC)22nd August 04:25 UTC
Rank5th
ROI (Return on Investment)1,567.16%
Coin Circulation63,085,962 LTC
Market Cap4,528,008,435 USD
Value in USD71.74 USD
Value in BTC0.00722181 BTC
24h Volume2,882,504,585 USD

LTC to USD Price Comparison-

LTC Price Prediction
LTC Price Chart by Tradingview

Litecoin was being traded near 75 USD at the time of opening and between 02:15 UTC and 07:57 UTC; Litecoin took a plunge to 71.61 USD. After a few hours of strengthening the coin again took a downfall of 3.19%, which made the coin to be placed at 70.12 USD. It was, however, followed by a hike of 5.46% over the next seven and a half hours from 12:36 UTC and the coin started to roam around 73.95 USD. The latest swing came as a decline in the value by 3.41% which cost the coin 2.51 USD. As of now, the coin is roaming around 71 USD.

LTC Price Prediction-

Litecoin is now almost 30 USD less than the price it was targeting a few weeks ago. The coin is likely to go through price correction for more number of days, and by the end of this week, it may seek the shelter of 68 USD. The next probable resistance and support levels are listed below.

Litecoin (LTC) 
1st Resistance75.42666667 USD
2nd Resistance77.89333333 USD
3rd Resistance80.31666667 USD
1st Support Level70.53666667 USD
2nd Support Level68.11333333 USD
3rd Support Level65.64666667 USD

 

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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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