Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Price Slipped Significantly in the Last 24 Hours

  • Litecoin (LTC) is down by 13.51% over the last 24 hours.
  • The target for 2019’s end needs to be revised to 180 USD.

Litecoin has been on the watch by many experts and investors after it showed replication of Bitcoin price movement recently. Proving its loyalty to BTC’s price movement again, it lost almost 14% over the last 24 hours. The coin has gone below 80 USD, and investors have started panicking about its movement pattern. Let us look at the current details of the coin first.

Litecoin Price Statistics-

Litecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC)17th July 02:57 UTC
Rank5th
ROI (Return on Investment)1,712.62%
Coin Circulation62,697,362 LTC
Market Cap4,874,072,674 USD
Value in USD78.00 USD
Value in BTC0.00834649 BTC
24h Volume3,711,908,567 USD

LTC to USD Price Comparison-

Litecoin has lost by a huge margin over the last 24 hours. The first major fall happened between 01:13 UTC and 07:31 UTC. This fall of 4.67% cost the coin 4.29 USD. However, it was followed by a short stint of a hike of 4.11% in which the coin added 3.60 USD. But this hike was short-lived, and again the coin was pushed by 15.53% to lose 14.15 USD ultimately. The coin again gained 6.32% over 3 hours and 23 minutes from 17:21 UTC and added 4.86 USD. But the latest variation was a fall of 5.61% between 20:44 UTC and 02:11 UTC. The coin lost 4.59 USD in this period. These are the five price swings Litecoin faced over the last 24 hours. All of these swings lie in the range of 4% and 15%.

LTC Price Prediction-

Litecoin has a bullish medium-term outlook. It may touch 180 USD by the end of 2019. The next resistance points are 88.54 USD, 97.58 USD, and 103.1 USD. The support levels are 73.98 USD, 68.46 USD, and 59.42 USD.

Conclusion-

Litecoin is in a temporary phase of loss, but it will bounce back sooner or later. By the end of this year, the long-term investors are likely to be profited by a huge margin.

Tags

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.
Back to top button
Close