Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Price Comes Out Of Market Pressure; Price Recovery in the Market

  • Price upsurge takes place in the intraday chart of Litecoin (LTC).
  • Intraday traders to have a great day with the coin.

The market has opened with a bullish trend today. Litecoin was poorly suffering from the beginning of the month. However, in the last two days, we have seen some stability in the coin. If we see the last two-quarters of Litecoin, then the coin has outperformed Bitcoin. The current price momentum of Litecoin is extraordinary. We are quite apprehensive about the future of Litecoin.

LTC to USD Price Chart:

The price analysis is done with the help of Trading View chart taken on 5th August 2019 at 03:38:27 UTC.

Litecoin Price Prediction- August 05
LTCUSD Price Chart by TradingView

LTC to USD Market Statistics:

Particulars Litecoin (LTC) 
Price$95.044
Rank5
Market Cap$6,003,901,523
24hr volume$2,610,153,327
Circulating Supply62,970,568 LTC
ROI2117.40%

The coin was dealing at $90.09 at the onset of the last day of the previous month i.e. 31st July. On the same day the coin jumpes to $99 with an escalation of 10.92%. However, the first day of August brought a slight drop of 1.03% by taking the price to $98 from $99. Further, the coin continued to plunge and took the price to $94 from $98 and descended by 4.30%. The last two days have been quite stable. The currency has shown a recovery of 1.06%. The price changed from $94 to $95. The upsurge is expected to remain for the rest of the day today.

LTC Price Prediction and Conclusion:

Litecoin (LTC) is often considered as a strong competitor of Bitcoin amongst the group of altcoins. It has a great potential to anchor the entire market of altcoins. Thus, investment in the coin wouldn’t go futile. We are anticipating that the coin would close around $150 to $200 by the end of 2019. The best result-yielding investment plan would be a long-term plan. The traders are expected to draw huge profits in the given period

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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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