Price Analysis

Litecoin Price Analysis: Litecoin Makes a Phenomenal Comeback; Trades Above $100

  • Litecoin shows four major price swings in the last 24 hours, all in the range of 5% and 8%.
  • The bullish medium-term target should be 200 USD.

Litecoin has again shown signs of recovery after a few days’ of weakness. It has grown by almost 12% in the last 24 hours. The coin also traded beyond 100 USD once. Here is an analysis of Litecoin’s price movement in the last 24 hours. The medium-term outlook of Litecoin is bullish and the coin may reach as high as 200 USD by the end of 2019.

Litecoin Price Statistics-

Litecoin (LTC)19th July 02:52 UTC
Rank4th
ROI (Return on Investment)2,212.91%
Coin Circulation62,726,387 LTC
Market Cap6,239,508,712 USD
Value in USD99.48 USD
Value in BTC0.00935347 BTC
24h Volume4,744,565,869 USD

 LTC to USD Price Comparison-

Litecoin Price Chart- July 19
LTC Chart by TradingView

Over the last 24 hours, Litecoin faced its first price variation in terms of a hike. This hike happened between 00:49 UTC and 06:34 UTC. And it added 8.79% or 7.64 USD to the coin. It was followed by a steep fall of 5.44% over the next 7 hours and 31 minutes from 06:34 UTC. The next variation was a hike of 17.26% between 14:04 UTC and 16:10 UTC. This hike of 17.26% added 15.42 USD. The last one was a fall extending 10 hours from 16:10 UTC. This fall was not a steep one but managed to cut 5.86% or 6.14 USD from the value of the coin. These are the four major price swings in the last 24 hours and all of them lie in the range of 5% and 8%.

LTC Price Prediction-

The medium-term outlook of Litecoin is bullish and the coin may reach as high as 200 USD by the end of this year. The next resistance points are 107.01 USD, 112.93 USD, and 122.71 USD. The support levels are 91.31 USD, 81.53 USD, and 75.61 USD.

Conclusion-

Litecoin has a bullish run coming by the end of this month. Investors should now target 107 USD and in the long-term, it has the potential to give a 100% return on the current investment value.

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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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