Price Analysis

Litecoin Price Analysis: Litecoin’s Race to $100 May Take Time; Later the Journey May Become Smooth

  • Litecoin has been finally running towards 100 USD
  • By the end of this year, the coin may reach 200 USD.

Litecoin seems to have become consistent with the price gain. In the last 24 hours, the coin has made a small upward growth. The value against USD is now consistently moving towards 100 USD. By this year’s end, the coin may find itself near 200 USD. Let us analyze the current details of the coin now.

Litecoin Price Statistics-

Litecoin (LTC)2nd August 03:48 UTC
Rank4th
ROI (Return on Investment)2,169.94%
Coin Circulation62,926,668 LTC
Market Cap6,147,341,586 USD
Value in USD96.69 USD
Value in BTC0.00938196 BTC
24h Volume2,938,275,978 USD

 

LTC to USD Price Comparison-

Litecoin price chart August 02
Litecoin Price Chart by TradingView

Over the last 24 hours, Litecoin has made four major shifts in the price level. The first variation came as a fall between 00:08 UTC and 06:35 UTC and this fall made the investors lose 3.91%. This dip of 3.89 USD is followed by a hike of 3.12 USD over the next 5 hours and 49 minutes. These two variations made an almost perfect inverted pyramidal growth. The other two variations made another pyramidal growth. The third variation happened between 14:54 UTC and 19:15 UTC and the coin gained 4.03% in this period. The last variation came as a fall in the value by 3.89 USD. And this fall pushed the coin to 96.90 USD by 00:30 UTC of today.

LTC Price Prediction-

Litecoin has a bullish medium-term outlook, and the coin may reach 200 USD by the time this year ends. The details of the next probable resistance and support levels are as follows.

Litecoin (LTC) 
1st Resistance100.9666667 USD
2nd Resistance102.7533333 USD
3rd Resistance105.2466667 USD
1st Support Level96.68666667 USD
2nd Support Level94.19333333 USD
3rd Support Level92.40666667 USD

 

Conclusion-

Litecoin, after days of struggle, has finally been moving up with huge confidence. By the end of this month, it may cross the 110 USD price level.

Tags

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.
Event Information
Event Information
Back to top button