fbpx
Price Analysis

Litecoin Price Analysis: Litecoin’s Zig-Zag Growth To Continue; Resistance At $127

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

Litecoin has been showing zig-zag price movement since the last few days. The first fall of Litecoin was 3.33% between 03:49 UTC and 05:19 UTC. And again a huge fall of 5.28% was noticed between 09:01 UTC and 12:46 UTC. And another fall of 4.87% was noticed between 14:21 UTC and 15:35 UTC and this fall cost the coin almost 6 USD in value. However, it was followed by a hike of 10.30 USD that happened between 19:54 UTC and 23:05 UTC. But the last fall was significant and pushed the coin to 117 USD price level. This fall happened over 4 hours and 6 minutes, costing the coin a whopping 5%. However, the medium-term outlook of Litecoin is bullish. The coin is likely to be around 200 USD by the end of this year. Let us now look at the current details of the coin.

LTC Price Statistics-

The Litecoin chart on 2nd July 2019 as below:

Litecoin price chart - july 2

Litecoin (LTC)2nd July 03:55 UTC
Rank4th
ROI (Return on Investment)2,657.64%
Coin Circulation62,479,276 LTC
Market Cap7,397,844,174 USD
Value in USD118.89 USD
Value in BTC0.01147534 BTC
24h Volume4,824,518,425 USD

LTC to USD Price Comparison-

Litecoin’s latest growth starred from 29th April. Over the next 16 days, the coin gained 53.55%. And it was followed by another growth of 28.07 USD between 22nd May and 27th May. But the highest growth Litecoin made was between 04th June and 22nd June of 38.19%. From there, the coin started showing a zig-zag pattern. A fall of 18.83% was noticed over the next 5 days. And again the coin gained 5.95% between 27th June and 29th June. Again it was followed by a fall of 10.14% over the next 3 days. The market cap on 02nd June was 7,030,301,784 USD, and the value of each coin was 114.40 USD. The current market cap and the value of each coin are respectively 5.22% and 3.92% more than the figures for the last month.

Litecoin Price Prediction-

Litecoin has a bullish short-term as well as medium-term. By the end of 2019, the coin may get to as high as 200 USD. The next resistance points are 127.66 USD, 132.74 USD, and 139.46 USD. The support levels are 115.86 USD, 109.14 USD, and 104.06 USD.

Conclusion-

Litecoin’s price is likely to rise in the coming few days. It is a good time for buying fresh coins. Long-term holding may give 80% return on the current investment.

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.

Related Articles

Back to top button
Close