Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Price Embarks Recovery; Coin Deals At $73

  • Litecoin (LTC) price reflects a recovery in the intraday chart.
  • The future prospect looks brighter.

Litecoin (LTC) price has started a recovery spree on the price chart. The past couple of days were quite disturbing for the entire market. The market cap has dropped to $26 billion which at $30 billion in the last month.

Well, the recovery is in the coin is indicating a better time ahead. We are hopeful about the upsurge in the market would embark soon. The slow and steady recovery can be the indication for the future price rally too.

LTC to USD Price Comparison:

The chart is taken from Trading View on 18th August 2019 at 06:41:28 UTC for price analysis.

LTC Price Prediction
LTC Price Chart by TradingView

Looking at the chart, the coin is reflecting a downtrend. The currency started escalating from the late hours in yesterday chart and has also started today. Yesterday, the coin opened with a small uptrend. The coin jumped from $75 to $75.5 by 0.50%. The coin slipped from $75.5 to $71.6 by 4.99%. The coin recovered from $71 to $72 by 3%. Today, the coin slipped by 1.83% from $72 to $71.6. Later, the coin jumped from $71.6 to $73.3 by 2.42%.

Current Statistics of Litecoin:

ParticularsLitecoin (LTC)
Price72.95 USD
ROI1596.53%
Rank5
Circulating Supply63,060,006 LTC
Total Supply63,060,006 LTC
Market Cap4,600,082,753 USD
24hr Volume2,471,465,511 USD

Litecoin Price Prediction and Conclusion:

Litecoin (LTC) has outperformed Bitcoin (BTC) from the beginning of the year. The coin superseded the expectations of the traders in the first two quarters. From the third quarter, Litcoin came under market pressure. Thus, the coin is suffering on the chart.

The coin is expected to deal around $100 by the end of 2019. The long term traders would be seen drawing colossal profits in the future.

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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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