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Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Shows Four Major Variations in a Day

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  • 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 Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC)13th July 04:25 UTC
Rank4th
ROI (Return on Investment)2,290.53%
Coin Circulation62,639,387 LTC
Market Cap6,434,196,118 USD
Value in USD102.69 USD
Value in BTC0.00884498 BTC
24h Volume3,488,274,224 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. The short-term outlook is bullish. Short-term investors are advised to use this situation to their advantage.

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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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