Price Analysis

Litecoin Price Analysis: Litecoin Value Dropped by 6.5% in Last 24 Hours

Blockfolio, which is one of the most popular crypto portfolio management apps, recently announced Litecoin as their official partners. It might help in building a better network and increased users for LTC coin. Let’s hope to see some improvements.

Litecoin Current Statistics

LTC price is currently trading at $89.65 at 06:56 UTC on 28th July 2019. The other essential factors are as follows:

Litecoin price chart - july 28
Litecoin Chart By TradingView
  • Return on Investment: 1982.01%
  • Total supply/Circulating Supply: 62,854,368 LTC/ 62,854,368 LTC
  • 24 Hour Volume: 2,624,658,616 USD
  • Market Cap Value: 5,626,905,109 USD
  • 7 Day high/low: 100.25 USD / 87.70 USD

LTC to USD Price Comparison

Yesterday, the highest of LTC value was trading at $96.18 at 00:15 UTC. The value dropped by 7.3% at 10:34 UTC, the value changed the trade to $89.11. The value from then went further down by 2.22% at 15:06 UTC with a trading value of $87.15. The value today 04:31 UTC was escalated by 2.91% trading at $89.66.

LTC Price Prediction and Conclusion

Litecoin price is currently seen trading in the downtrend, which means buying the LTC coins might be an ideal decision. To enjoy the returns in the future, it is vital to hold the position for some time. But for a safer bid, the calculated resistance and support levels are as follows:

Resistance Levels: R1: $93.79, R2: $98.7 and R3: $101.74

Support Levels: S1: $85.84, S2: $82.8 and S3: $77.89

Before the end of 2019, if Litecoin switches to the bullish zone, we might see the touchdown of $150.

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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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