Litecoin Price Analysis: Litecoin (LTC) Under Pressure Hovers At $120

Litecoin (LTC) is dealing at a lower level. The reason behind the fall in Litecoin is Bitcoin falling pressure. The coming period in Litecoin would be surprising and flourishing. The investors who have already invested in the coin will be seen dealing with high digits. Bitcoin expects the same (BTC), hence Litecoin would leap with legs.

Let’s have a look at the price chart of Litecoin.

Current Statistics of Litecoin (LTC):

The Litecoin chart is taken from TradingView on 5th July 2019, at 10:08 UTC.

Litecoin Price Chart - 5 July
Litecoin Price Chart

Looking at the LTC price chart, the coin is experiencing a slight fall and moderate recovery. Yesterday, the coin opened at $122.20. The coin dropped by 2.01% to $119.74 from the opening price. Later, Litecoin leaped 6.29% and changed the price from $119.74 to $127.27. There is a steep fall experienced when the price dropped from $123.23 to $118.88. The loss registered was 3.53%. The coin experienced a 2.51% loss during the day. The price changed from $122 to $119.

Today, the coin opened at $119 and now is dealing at $119.90. The profit in the coin is 0.063%. There was a drop of 2.68% from $120 to $117. Later, the coin jumped to $120 from $117 and registered a 2.49% gain.

Particulars Litecoin (LTC)
Price (USD) 120.09 USD
Market Cap 7,508,824,653 USD
24hr Volume 4,366,859,718 USD
ROI 2692.87%
Rank 4
Circulating Supply 62,527,241 LTC

Litecoin Price Prediction and Conclusion:

The coin is considered to take Bitcoin’s place in the market. The coin is not as old as Bitcoin, but with time, the currency has the potential to anchor the crypto market. By the end of 2019, the coin might be seen at $200. let’s get more details insights into the technicals of Litecoin.

The long-term investment is best suited for the coin. The investors in the long term will be seen drawing huge dividends from Litecoin.

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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