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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Loses $6 In The Last 24 Hours; Next Resistance at $136

  • Litecoin (LTC) loses 6 USD in the last 24 hours after facing four variations.
  • By the end of this year, the coin is likely to be around 200 USD.

The whole crypto sector is on fire due to the impact of Bitcoin on every other altcoin. But Litecoin seems to have missed the opportunity. When many major coins are gaining by a huge margin, Litecoin lost enormous value over the last 24 hours.

The coin faced its first fall of 2.83% yesterday between 03:44 UTC and 05:47 UTC. Then a hike of 3.76% was experienced between 09:08 UTC and 12:15 UTC. A steep and unprecedented fall of 7.95% happened between 20:35 UTC and 21:20 UTC. The latest variation was a hike of 5.15% that happened after 2 hours and 54 minutes from 21:20 UTC.

The medium-term outlook is bullish for Litecoin. By the end of 2019, the coin is likely to be around 200 USD. Let us analyze the current details of the coin from Litecoin chart.

LTC Price Statistics-

Litecoin Price Chart - 27 June
Litecoin Price Chart
Litecoin (LTC)27th June 02:21 UTC
Rank4th
ROI (Return on Investment)2,914.14%
Coin Circulation62,407,151 LTC
Market Cap8,209,966,997 USD
Value in USD128.39 USD
Value in BTC0.01040232 BTC
24h Volume5,580,108,335 USD

LTC to USD Price Comparison-

Like all other coins, Litecoin also started growing at the onset of April. The coin managed to get a hike of 56.98% between 26th March and 06th April. It was followed by a fall of 26.13% that happened in the next 23 days. Again, a hike of 52.72% was noticed in the next 16 days from 29th April. The latest hike was between 22nd May and 22nd June. In these 31 days, the coin has gained 60.76%. The market cap on 27th May was 6,882,302,558 USD, and the value of each coin was 116.06 USD. The current market cap and the value of each coin are respectively 19.29% and 10.62% more than the values of the last month.

Litecoin Price Prediction-

As per our prediction, the coin is likely to reach 200 USD by this year’s ending. The resistance points are 136.7466667 USD, 142.2233333 USD, and 146.1266667 USD. The support levels are 127.3666667 USD, 123.4633333 USD, and 117.9866667 USD.

Conclusion-

It would be a good purchase at this low price. In the short-term as well as in the long-term, the coin has a bullish future. Investors can yield maximum return by holding coins at least until this year’s end.

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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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