Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Starts Dwindling; Four Price Variations in 24 Hours

  • Litecoin has shown four price variations in the last 24 hours in the range of 1.5% to 2.1%.
  • The 2019 target price needs to be set at 200 USD.

Litecoin (LTC) has become a good place for speculators and intraday traders for the last few days. The coin has started showing huge price variations. In the last 24 hours, there were 4 major price variations which must have given ample space to intraday traders to make a profit on. At around 07:04 UTC the coin started falling, and it lost around 1.6%. The next fall happened around 13:48 UTC, and the coin lost 1.53% in the second phase. However, the coin gained 2.14% in the next phase of growth, and the final hike was of 2.17% that happened over 2 hours and 10 minutes, which finally pushed the coin to above 138 USD. However, the medium-term seems to be bullish for LTC, and by this year’s end, the value may get to 200 USD. Let us analyze the current details of the coin.

Litecoin Price Statistics-

Litecoin Price Chart - 21 June
Litecoin Price Chart
Litecoin (LTC)21st June 02:51 UTC
Rank4th
ROI (Return on Investment)3,083.86%
Coin Circulation62,318,275 LTC
Market Cap8,524,215,265 USD
Value in USD137.11 USD
Value in BTC0.01404974 BTC
24h Volume4,020,820,874 USD

LTC to USD Price Comparison-

Litecoin Price Chart - 21 June
Litecoin Price Chart

Litecoin experienced its first steep growth at the onset of April boom, which pushed the coin to gain 52.90% in just 5 days. But this growth was not sustained for a long period. The value fell down as quickly as it went up. Over the next 23 days, it lost 26.08% of its value. On 9th May the coin started growing and gained almost 37.56% in 6 days to fall again by 11.79% in the next 7 days. The final huge growth happened between 04th June to 11th June, and it gained 32.27% in this period. The market cap on 22nd May was 5,669,753,874 USD, and the value of each coin was 88.87 USD. The current market cap and the value of each coin are respectively 50.34% and 54.28% more than the figures for the last month.

Litecoin Price Prediction-

As per our prediction, the coin may have bullish run in the medium-term. By the end of this year, the value may get to as high as 200 USD. The resistance points are 137.4933333 USD, 139.5066667 USD, and 141.9333333 USD. The support levels are 133.0533333 USD, 130.6266667 USD, and 128.6133333 USD.

Conclusion-

Though LTC price has been dwindling for the past few days, it will soon encounter a bullish run in the future. Investors need to keep the resistance point in mind and continue trading.

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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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