Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Loses Spot & Ranks at 5th Position

  • Litecoin (LTC) loses 1.5% over the last 24 hours after 1 day of growth.
  • The target for 2019 is still attached near 200 USD.

After the last two days of growth, Litecoin has fallen over the last 24 hours. The coin has also slipped from 4th to 5th position in this same period. The loss of 1.52% over the last one day has halted Litecoin’s plan to trade around 100 USD anytime soon. However, the coin has a potential to touch 200 USD by the end of this year. Let us first analyze the current details of the coin.

LTC to USD Price Statistics-

Litecoin Price Prediction- Aug 03
LTCUSD Price Chart by TradingView
Litecoin (LTC)3rd August 04:29 UTC
Rank5th
ROI (Return on Investment)2,131.20%
Coin Circulation62,941,743 LTC
Market Cap5,927,248,180 USD
Value in USD95.66 USD
Value in BTC0.0089227 BTC
24h Volume2,948,793,008 USD

LTC to USD Price Comparison-

Due to the previous day’s growth, Litecoin opened the day with a value near 99 USD. Over the next 4 hours from 00:06 UTC, Litecoin traded back to 96 USD. However, the next slight hike of 2.81% made an inverted pyramidal growth. The next was a steep fall of 5.68% between 07:22 UTC and 16:39 UTC. This steep decrease in the value pushed the coin to 93 USD. It accounted for the lowest point of the day. However, the closing saw some strengthening and the coin could touched 94.50 USD by that time. The hike of 3.58% starting from 16:39 UTC was able to place the coin at 96.47 USD by 02:28 USD.

LTC Price Prediction-

Litecoin may have faced a setback, but the battle is still on. Before the end of 2019, the coin has a high chance of breaching 200 USD.

Litecoin (LTC) 
1st Resistance98.24666667 USD
2nd Resistance101.5533333USD
3rd Resistance103.9066667USD
1st Support Level92.58666667USD
2nd Support Level90.23333333USD
3rd Support Level86.92666667USD
Conclusion-

Litecoin is one of the top-ranked coins, has strong fundamentals to grow over time. This may not be a good time for the intraday traders, but the long-term traders will surely get high yields.

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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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