Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Nears 100 USD after Yesterday’s 6% Growth

  • Litecoin (LTC) made an upward growth of 6% over the last 24 hours.
  • By the end of 2019, the coin is expected to reach 200 USD.

After days of anticipation, Litecoin has finally taken off to reach the moon. The last day’s almost 6% growth has put the coin near 97 USD and now it is racing towards 100 USD. If it can show a growth like June, there may not be much delay before the coin reaches its target price of 200 USD. Let us look at the current details of the coin now.

Litecoin to USD Price Statistics-

Litecoin Price Prediction- August 01
LTCUSD Price Chart by TradingView
Litecoin (LTC)1st August 03:34 UTC
Rank5th
ROI (Return on Investment)2,147.39%
Coin Circulation62,912,818 LTC
Market Cap6,087,572,715 USD
Value in USD96.51 USD
Value in BTC0.00964172 BTC
24h Volume3,106,801,916 USD

LTC to USD Price Comparison-

Litecoin was near 90 USD at the time it opened for yesterday. However, by 12:24 UTC, the coin could add 6.22 USD to the value of each coin. The next variation came as another hike in the value against USD and this hike of 4.38 USD made the investors rich by almost 4.5%. Over the next 3 hours and 11 minutes from 18:43 UTC, Litecoin did not make any radical change and just grew by 0.30 USD. The latest one is a dip in the price over 3 and a half hours from 00:10 UTC and this fall took the coin from 99.63 USD to its current price around 96 USD.

LTC Price Prediction-

The coin must be racing towards 100 USD now. And it is expected to catch another June-like hike and by the end of this year, this hike has the potential to place the coin near 200 USD. The details of the resistances and support levels are as follows.

Litecoin (LTC) 
1st Resistance101.8833333 USD
2nd Resistance105.2566667USD
3rd Resistance111.0333333USD
1st Support Level92.73333333USD
2nd Support Level86.95666667USD
3rd Support Level83.58333333USD
Conclusion-

Litecoin’s recent gain is a good sign for the market. Holding until this year’s end may give a return of 100% to the long-term holders.

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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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