Litecoin Price Analysis: Litecoin (LTC) Shows Four Major Variations in a Day
- Litecoin has shown four major price swings in the last 24 hours in the range of 2.5% and 6%.
- The target price for 2019 remains at 200 USD.
Litecoin is one of the major coins which have been attracting a growing number of investors. Recently, the coin has shown enormous growth in the market due to the price rally of Bitcoin. Let’s see Litecoin’s price movement over the last 24 hours. This analysis may help short-term investors or intraday traders. As per our prediction, Litecoin is likely to be around 200 USD by the end of 2019. Let us look at the current figures of the LTC coin first.
Litecoin Price Statistics-
| Litecoin (LTC) | 13th July 04:25 UTC |
| Rank | 4th |
| ROI (Return on Investment) | 2,290.53% |
| Coin Circulation | 62,639,387 LTC |
| Market Cap | 6,434,196,118 USD |
| Value in USD | 102.69 USD |
| Value in BTC | 0.00884498 BTC |
| 24h Volume | 3,488,274,224 USD |
LTC to USD Price Comparison-
On the 12th June from 00:17 UTC to 03:51 UTC, the coin fell by 3.99%. It was followed by a hike of 5.91% over the next 5 hours and 31 minutes. This hike also helped the coin to gain 5.95 USD. It was again followed by a fall of 2.53% over the next 6 hours and 41 minutes until 16:03 UTC. The final variation was a fall of 3.53%. It happened between 20:48 UTC and 04:04 UTC of today. All these price swings were huge in the value, and the short-term investors must have taken advantage of these variations.
LTC Price Prediction & Conclusion-
Litecoin is likely to close for the day near 104 USD. However, the medium-term outlook for LTC is bullish. It is likely to be around 200 USD by the end of 2019. The next resistance points are 107.37 USD, 109.44 USD, and 112.52 USD. The support levels are 102.22 USD, 99.14 USD, and 97.07 USD.
Litecoin is one of the best-performing coins in the market. As per Litecoin Forecast, the short-term outlook is bullish & therefore, short-term investors are advised to use this situation to their advantage.
