Price Analysis

Litecoin Price Analysis: Litecoin (LTC) Swings Four Times in Last 24 Hours

  • Litecoin shows four huge price swings in the last 24 hours.
  • The bullish medium-term target is set at 200 USD.

The past 24 hours have not been very ominous for Litecoin (LTC). After a few days of ups and downs, the coin could not gain much. The coin has lost around 2% of its value overall in the last 24 hours. Here is an analysis of Litecoin’s price movement in the last 24 hours. This is aimed at short-term traders and speculators. The medium-term outlook of Litecoin is bullish and it may reach as high as 200 USD by the end of 2019.

Litecoin Price Statistics-

Litecoin (LTC)20th July 01:57 UTC
Rank4th
ROI (Return on Investment)2,178.25%
Coin Circulation62,739,612 LTC
Market Cap6,159,806,883 USD
Value in USD97.66 USD
Value in BTC0.00938401 BTC
24h Volume3,951,727,252 USD

LTC to USD Price Comparison-

Litecoin price chart - 20 July
Litecoin Chart by TradingView

LTC price faced its first steep dip of 4.81% between 01:02 UTC and 06:35 UTC where the coin fell from the trading value of 101.58 USD to 96.69 USD. After a few minutes of growth, the coin again faced a fall of 5.15% between 08:08 UTC and 13:03 UTC. This fall cost the coin 5.18 USD. It was followed by a huge hike of 4.12% between 13:03 UTC and 22:00 UTC. This hike added 3.93 USD to the value of the coin. The final fall of 1.56% happened between 22:00 UTC and 01:16 UTC of today, that the led the coin to its current trading value. These are the four major price swings of Litecoin in the last 24 hours. All of the swings are in the range of 1.5% and 5%.

Litecoin Price Prediction-

Litecoin has bullish medium-term outlook. The coin may reach as high as 200 USD by the end of this year. The next resistance points are 101.1466667 USD, 103.8933333 USD, and 106.6066667 USD. The support levels are 95.68666667 USD, 92.97333333 USD, and 90.22666667 USD.

Conclusion-

Litecoin may take some more time to shoot its price. Investor snow should aim at 101 USD. On the long-term, it has the potential of giving as high as a 100% return.

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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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