Price Analysis

Litecoin Price Analysis: Litecoin’s $143 Mark Starts the Onset of Price Rally

  • Litecoin (LTC) manages to touch 143 USD mark.
  • The 2019 goal remains 200 USD.

After days of struggle, Litecoin finally manages to go beyond 140 USD price mark. The price has gone through 3 significant variations, which helped the coin to rise from 137 USD to 143 USD.  The first hike happened between 07:22 UTC and 10:33 UTC. The coin gained 3.75% in this period. But soon it fell by 3.66% over the next 3 hours and 4 minutes. The latest hike happened between 22:13 UTC yesterday and 02:50 UTC today. This hike has helped the coin to gain 5.10% and reach 143 USD mark. The medium-term outlook is bullish for Litecoin (LTC). By the end of this year, the value may get to as high as 200 USD. Let us look at the current details of the coin.

Litecoin Price Statistics-

Litecoin Price Chart - 22 June
Litecoin Price Chart
Litecoin (LTC)22nd June 03:11 UTC
Rank4th
ROI (Return on Investment)3,236.75%
Coin Circulation62,333,175 LTC
Market Cap8,894,733,845 USD
Value in USD143.00 USD
Value in BTC0.01336919 BTC
24h Volume4,682,199,379 USD

LTC to USD Price Comparison-

Litecoin has shown tremendous growth potential since the starting of 2019 until now. The first hike before the April boom happened between 07th February and 09th March, when the coin gained 72.97%. The April boom managed to give Litecoin a growth of 53.58%in just five days to fall again by 26.18% in the next 23 days. The latest growth was made between 22nd May and 11th June. This period saw an increase of 54.18%. The market cap on 22nd May was 5,649,078,501 USD, and the value of each coin was 87.48 USD. The current market cap and the value of each coin are respectively 57.45% and 63.46% more than the values of the last month.

Litecoin Price Prediction-

As mentioned earlier, by the end of this year, the value is likely to be around 200 USD. The resistance points are at 141.4633333 USD, 144.0466667 USD, and 147.0233333 USD. The support levels are at 135.9033333 USD, 132.9266667 USD, and 130.3433333 USD.

Conclusion-

As a resistance may be there at 144 USD, investors need to capitalize on this point. Long-term investment will give huge profits over the current stake.

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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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