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Price Analysis

Litecoin Price Analysis: Litecoin’s Slow Yet Steady Gain Anticipates a Bullish Run

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  • Litecoin (LTC) has shown five price swings in the last 24 hours.
  • The 2019 target is unchanged at 200 USD.

Litecoin (LTC) is one of the major coins of current times, and it is being valued with a stable pace against many major cryptocurrencies. But it has given some tough times to the intraday traders in the end. The same has happened in the last 24 hours as well. Between 03:16 UTC and 05:43 UTC, the coin gained 1.86%. It was followed by a fall of 1.28%, which happened over the next 1 hour and 3 minutes.  Again, a fall of 1.54% was noticed over 26 minutes, followed by a hike of 1.35% in the next 3 hours and 55 minutes. The chart of Litecoin makes an inverted triangle by falling between 15:06 UTC and 19:34 UTC. This fall was of 2.56%, and it was followed by a hike of 3.51%, which happened over 5 hours and 45 minutes. Overall, the coin has gained 2 USD in comparison with the previous day’s value. By the end of this year, the coin may get to 200 USD. Let us now analyze the current details of the coin.

Litecoin Price Statistics-

Litecoin Price Chart - 25 June
Litecoin Price Chart
Litecoin (LTC)25th June 02:16 UTC
Rank4th
ROI (Return on Investment)3,084.31%
Coin Circulation62,377,351 LTC
Market Cap8,541,017,467 USD
Value in USD136.57 USD
Value in BTC0.01232335 BTC
24h Volume3,938,267,913 USD

LTC to USD Price Comparison-

The April boom, like all other coins, brought good days for Litecoin (LTC) as well. There was a hike of 51.42% between 1st April and 6th April. It was followed by a fall of 26.65% over 23 days. On 7th May the coin again performed a price triangle. It got hiked by 40.51% in 8 days, and a fall was there of 15.89% over the next 3 days.  Between 22nd May and 27th May, there was another steep hike of 33.87%. And the latest of all is a gain of 34.85% over 11 days. This has made the coin to go beyond 135 USD for the first time in 2019. The market cap on 25th May was 6,206,133,690 USD, and the value of each coin was 103.24 USD. The current market cap and the value of each coin are respectively 37.62% and 32.28% more than the figures for the last month.

LTC Price Prediction-

The coin is likely to have its price around 200 USD by the end of this year. The next resistance points are 138.5366667 USD, 141.5433333 USD, and 144.3966667 USD. The support levels are 132.6766667 USD, 129.8233333USD, and 126.8166667 USD.

Conclusion-

The coin has a bullish future. So, investing fresh would be a prudent decision. Long-term holding is the key to reaping maximum benefits.

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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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