Price Analysis

Litecoin Price Analysis: Litecoin’s (LTC) Small Addition over the Last Day Seems Inadequate

Litecoin could finally get some strength in the market after days of uncertainty. In the last 24 hours, it maintained an almost stable line of growth with one exception. The overall growth of the coin is near 2.3%. With five big price swings, the LTC coin anticipates a bullish run by the end of this year. As per experts’ prediction, it is likely to touch as high as 200 USD by this time.

Current Statistics of Litecoin-

Litecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC)29th  July 03:07 UTC
Rank4th
ROI (Return on Investment)2,006.60%
Coin Circulation62,867,268 LTC
Market Cap5,697,166,577 USD
Value in USD90.66 USD
Value in BTC0.00939282 BTC
24-Hour Volume2,587,623,726 USD

LTC to USD Price Comparison-

Litecoin has managed to stick to stability in the last 24 hours. The coin gathered momentum at around 00:09 UTC and went up by 2.15%, adding 1.89 USD in almost 7 hours. There was a slight fall next waiting for the coin, and this made the coin to lose 2.01 USD. Over the next 5 hours and 53 minutes, the price point moved from 87.89 USD to 89.99 USD. However, amidst these stable movements, there was this steep fall of 7.01% and following a steep rise of 10.22%. All of these movements happened between 18:51 UTC and 01:42 UTC of today.  All of these price swings are in the range of 2% and 10%.

Litecoin Price Prediction-

With gradual strengthening, the coin is increasing investors’ confidence in Litecoin. The coin is predicted to be around 200 USD by the time 2019 ends. The resistance points are likely to be 91.67 USD, 93.57 USD, and 96.73 USD. The support levels are 86.61 USD, 83.45 USD, and 81.55 USD.

Conclusion-

Litecoin has been one victim of the high volatility of the market. Otherwise, the coin has a decent track record as far as stability is concerned. Investors need to wait for the coin to be back to its past glory.

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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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