Litecoin Price Analysis: Litecoin (LTC) Shows 1.32% Hike; May Halt Next At $76
Litecoin has shown four major price swings, and it even touched 75.94 USD yesterday for a while, but it could not maintain the price there. Before analyzing all four price changes in detail, let us look at the current details of the coin.
Current Statistics of Litecoin-
|Litecoin (LTC)||24th August 03:06 UTC|
|ROI (Return on Investment)||1,628.78%|
|Coin Circulation||63,099,512 LTC|
|Market Cap||4,688,184,746 USD|
|Value in USD||74.24 USD|
|Value in BTC||0.00716599 BTC|
|24h Volume||2,382,105,740 USD|
LTC to USD Price Comparison-
Litecoin was being traded at 72.65 USD when it started strengthening at 02:51 UTC. Over the next 5 hours, the LTC coin added 1.54 USD and reached 74.19 USD. However, it was followed by a 2.14% fall between 08:00 UTC and 11:21 UTC. This fall cost the coin 1.59 USD. The next variation was a significant rise in the value. By 14:06 UTC, Litecoin was at 75.94 USD, the highest point of the day. But this rise was not sustained for long as it encountered with a gradual fall of 2.54% and this pushed the coin to 74.01 USD by 02:52 UTC of today. The current price of Litecoin is roaming around 74.24 USD.
Litecoin Price Prediction-
It has been quite a few days, Litecoin is trading around $75 mark. It should be noted that the highest Litecoin price from the beginning of the year is beyond $140. As per Litecoin Predictions, it seems that the next resistance level for the coin may come at 76 USD.
|1st Resistance||76.43666667 USD|
|2nd Resistance||77.47333333 USD|
|3rd Resistance||79.25666667 USD|
|1st Support Level||73.61666667 USD|
|2nd Support Level||71.83333333 USD|
|3rd Support Level||70.79666667 USD|