Price Analysis

Litecoin Price Analysis: Litecoin may Close the Day Trading Above $87

Litecoin has managed to be in the limelight since the beginning of the year. The coin’s spectacular performance in the first half of the year by crossing $100 mark and surging as high as $146 is still afresh in the minds of the traders. The current market performance of LTC coin may be little slower than that, but the traders and market analysts are confident that it will cross $100 mark very soon again and shoot up to $150 this time.

LTC to USD Price Comparison

In the last day, LTC coin has shown topsy turvy trends. Litecoin started at $86.90 and traded around this value for sometime before it started dipping steeply and hit as low as $81.90. Litecoin price quickly picked up some pace and reached up to $87.25 soon and now trading at $86.26 as noted on August 11, 2019. It has shown a marginal downtrend of over 0.7% only since yesterday.

Litecoin price chart - Aug 11
Litecoin Chart By TradingView

Current Statistics of Litecoin:

  • LTC price is noted to be $86.26 and 0.00758492 BTC
  • The Market Cap of the coin has reached $5,436,169,076
  • The 24-hour volume of Litecoin is noted to be $2,997,470,006
  • ROI of the coin is 1,901.74%
  • Circulating Supply of the coin has become 63,011,806 LTC

Litecoin’s highest recorded price yesterday was $87.11, and it has been trading below it since quite some time, but it may close the day on a higher note.

Litecoin Price Prediction:

Litecoin started the year trading at $30 and has recorded almost 5X growth some time back and currently sailing at 3X growth. LTC may become profitable as the months pass and may shoot up to $150 by the end of the year. The coin has a lot of potentials. Planning bulk investments in Litecoin is the right decision to make as the coin may yield huge returns in the long run.

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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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