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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Price Indicating Uptrend In 4hr Chart

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Litecoin (LTC) price superseded its rivals and dealing at a higher volume. The bulls are waiting to get charged up for the further upsurge in the market. The market opened with an upsurge today and we are expecting that altcoins might book substantial recovery on the chart because of the same. LTC has, however, started the upward movement in the chart. The intraday traders are likely to book profits on the chart today.

The market capitalization of the crypto market is $34 billion. Yesterday, the coin touched a high at $135.74  and a low at $116.22. The volume was at $5,745,785,825.

Litecoin (LTC) Current Statistics:

The Litecoin chart is taken from Trading View on 30th June 2019 at 04:34:45 UTC for price analysis.

Litecoin Price Chart - 30 June

Litecoin opened at $118 yesterday. The coin didn’t fell beyond $115 and struggled to climb up. The major hike took place between 09:00 UTC and 12:03 UTC, where the price jumped from $116 to $129 and booked a profit of 10.52%. The next escalation took the price from $127 to 135 and registered progression by 6.94%. Yesterday, the price jumped from $118 to $133. The overall growth in LTC was about 12.64%.

If we look at the last 4 hours since the market opened today, then a downfall is indicated on the chart. However, a close look at the Litecoin chart will reflect a dip from the opening price of $133 to $121. The drop was almost by 1.99%. The coin has again started walking up and is back at $133 and is a few decimals away from the opening price.

Particulars Litecoin (LTC)
Price (USD)$131.33
Market Capitalization$8,201,566,631
24hr volume$5,707,698,525
Circulating supply62,452,201 LTC
Rank4
Return on Investment2,954.20%

Litecoin Price Prediction and Conclusion:

LTC price (LTC to USD) is expected to touch a high of $250 by the end of 2019. The upcoming period in LTC is also quite promising. The coming year might bring a drop but post that everything is great.

The past two quarters have been flourishing for Litecoin. The rest of the year is likely to better than the previous one. The short term and long term investment are promising. However, the long term investment will give better dividends than short term investment.

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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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