Litecoin Price Analysis: Litecoin (LTC) Touches $99 for a Moment; Breaching it May Take Time

After a few days of strengthening, Litecoin is again down by 2.72% over the last 1 day. The coin has shown some unprecedented moves over the last 24 hours, and it went from 99 USD to 91 USD. However, the medium-term outlook still seems bullish, and it may touch up to 200 USD before the end of 2019. Let us now look at the current details of the coin.

Current Statistics of Litecoin-

Litecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC) 7th August 02:47 UTC
Rank 5th
ROI (Return on Investment) 2,066.75%
Coin Circulation 62,985,531 LTC
Market Cap 5,869,329,213 USD
Value in USD 93.05 USD
Value in BTC 0.00803599 BTC
24h Volume 3,190,855,910 USD

LTC to USD Price Comparison-

Litecoin’s previous day growth pattern is one of a kind. It came as a surprise when the coin added 5.36% as its first swing of the day and by 07:05 UTC; it was being traded near 99.02 USD. It was followed by a steep fall of 5.44%, and it deducted 5.38 USD from its previous value of 99.02 USD. Between 16:33 UTC and 21:32 UTC, the coin again took a dip and reached a slow as 91.05 USD. This makes the lowest point of the coin for the day. However, as per the latest trends, the coin has been up by 2.27% since then.

Litecoin Price Prediction-

Litecoin went near 100 USD yesterday, and it is the target of the coin for this month. According to LTC Coin Price Prediction, by the end of the year, it may reach up to 200 USD. Below are the details of the resistances and support levels.

Litecoin (LTC)
1st Resistance 97.48 USD
2nd Resistance 101.89 USD
3rd Resistance 104.8 USD
1st Support Level 90.16 USD
2nd Support Level 87.25 USD
3rd Support Level 82.84 USD

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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