Price Analysis

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
ROI (Return on Investment)2,066.75%
Coin Circulation62,985,531 LTC
Market Cap5,869,329,213 USD
Value in USD93.05 USD
Value in BTC0.00803599 BTC
24h Volume3,190,855,910 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. 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 Resistance97.48 USD
2nd Resistance101.89 USD
3rd Resistance104.8 USD
1st Support Level90.16 USD
2nd Support Level87.25 USD
3rd Support Level82.84 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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