Price Analysis

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
Rank5th
ROI (Return on Investment)1,628.78%
Coin Circulation63,099,512 LTC
Market Cap4,688,184,746 USD
Value in USD74.24 USD
Value in BTC0.00716599 BTC
24h Volume2,382,105,740 USD

LTC to USD Price Comparison-

LTC Price Prediction
LTC Price Chart by TradingView

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 of now, the next resistance and support levels for the coin may come at 76 USD.

Litecoin (LTC) 
1st Resistance76.43666667 USD
2nd Resistance77.47333333 USD
3rd Resistance79.25666667 USD
1st Support Level73.61666667 USD
2nd Support Level71.83333333 USD
3rd Support Level70.79666667 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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