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Price Analysis

Litecoin Price Analysis: Litecoin’s Silence Anticipates a Price Rally Soon

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  • Litecoin has shown four huge price swings in the last 24 hours.
  • The target for 2019 remains unchanged at 200 USD.

Litecoin is one of the most sought after coins of the market in the current times. It is the fourth largest coin as far as it’s market cap is concerned. In the last few months, the coin has shown huge stability despite Bitcoin’s huge impact on the whole market. Here is an analysis of Litecoin’s price movement in the last 24 hours, and the coin with few variations has not taken a huge shift in the closing price. However, the medium-term outlook of Litecoin is bullish, and the coin may reach 200 USD by the end of this year. Let us analyze the current details of the coin first.

LTC Price Statistics-

Litecoin (LTC)14th July 04:11 UTC
Rank4th
ROI (Return on Investment)2,254.76%
Coin Circulation62,655,637 LTC
Market Cap6,336,847,509 USD
Value in USD101.17 USD
Value in BTC0.00892652 BTC
24h Volume3,291,493,687 USD

LTC to USD Price Comparison-

Litecoin price chart - july 14
Litecoin chart

Litecoin faced its first fall of yesterday between 00:06 UTC and 11:54 UTC. This fall was of 5.23% and cost the coin 5.51 USD. However, in the next 1 hour and 33 minutes, the coin grew by 4.10% and gained over 4 USD. This growth happened between 11:54 UTC and 13:28 UTC. The next one is a steep fall of 6%, in which the coin lost a whopping 6.24 USD over 7 hours and 32 minutes between 13:28 UTC and 21:00 UTC. The latest one is a small hike of 4.34% or 4.24 USD over the next 4 hours and 51 minutes from 21:00 UTC. There are all four price variations for the last 24 hours. These variations lie in the range of 4% and 6%.

Litecoin Price Prediction-

Litecoin has a bullish medium-term outlook, and it is likely that Litecoin will reach 200 USD by the end of 2019. The closing price for today may happen near 104.5 USD today. The next resistance points are 105.07 USD, 109.12 USD, and 112.65 USD. The support levels are 97.49 USD, 93.96 USD, and 89.91 USD.

Conclusion-

Litecoin has a bullish short-term. Investors should aim at 105 USD in the short-term. Holding coins until the year’s end may give more than 80% return.

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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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