Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Sees a 4% Slump In The Value Over 24 Hours

  • Litecoin (LTC) loses 4% over the last 24 hours.
  • It may soon touch its 1st resistance of 88 USD.

Litecoin has lost 4% value against USD over the last 24 hours. The coin is now as low as 84 USD. A few weeks back, it was nearing 100 USD, so the volatility plays a major role in the case of Litecoin’s price movement. However, the medium-term is expected to be bullish.

Litecoin Price Statistics-

Litecoin (LTC)13th August 04:02 UTC
Rank5th
ROI (Return on Investment)1,873.23%
Coin Circulation63,025,418 LTC
Market Cap5,345,485,427 USD
Value in USD84.70 USD
Value in BTC0.00745711 BTC
24h Volume2,678,924,602 USD

LTC to USD Price Comparison-

Litecoin Price Prediction
Litecoin Price Chart by TradingView

Litecoin has been devalued by 4% over the last 1 day with the help of four phases of fall. The coin started its journey of devaluation at 00:10 UTC and within 1 hour and 39 minutes, it was near 87.69 USD. After a few hours of strengthening, it again faced 3.18% dip in the value which took the coin to 85.95 USD by 09:05 UTC. The third swing came as another 2.40% cut in the value against USD that pushed the coin from 87 USD to 85.43 USD. The last swing happened towards the end of yesterday and between 19:48 UTC and 00:23 UTC of today, the coin faced a 2.23% decrease in the value which made the coin to be traded near 84 USD.

LTC Price Prediction-

Litecoin has a bullish medium-term outlook, and it is likely to outperform many major coins by the end of 2019. However, the short-term is unlikely to see any unprecedented and significant growth. It may soon touch 88 USD. The details of all resistance and support levels are given below.

Litecoin (LTC) 
1st Resistance88.43 USD
2nd Resistance91.11 USD
3rd Resistance92.51 USD
1st Support Level84.35 USD
2nd Support Level82.95 USD
3rd Support Level80.27 USD

 

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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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