Litecoin Price Analysis: LTC Gains 6.31% & Breaches $75 Mark in 1 Day

  • Litecoin gains 6.31% in 1 day and goes beyond 75 USD mark.
  • The next resistance of the coin floats at 78 USD.

Litecoin has gained 6.31% over the last 24 hours and reached beyond 75 USD mark. The three major price swings have helped the coin to reach 76 USD from 71 USD in a matter of a few hours. The medium-term outlook of the coin seems bullish and the coin may soon find a price rally. Let us analyze the current details of the coin now.

Litecoin Price Statistics-

  • Litecoin is currently ranked at 5th position in the market with an ROI of 1,684.42%.
  • A total of 63,064,743 LTC coins are in the current supply.
  • The market cap of Litecoin as on 19th August at 03:06 UTC stands at 4,849,724,544 USD.
  • The value of the coin against USD and BTC stands at 76.27 USD and 0.00737697 BTC.
  • The 24h volume stands at 2,724,798,622 USD.

LTC to USD Price Comparison-

LTC Price Chart

Litecoin opened yesterday with a value around 73 USD and by 04:14 UTC, it was being traded at 71.48 USD, which is the lowest point of the day. From there the coin started gaining and reached 77.74 USD by 12:00 UTC. After a few hours of price correction, the coin again started strengthening and with the help of 2.48% hike in the value, it could reach 77.94 USD, which is the highest point of the coin of the day. From 16:49 UTC, the coin could maintain its value and from 21:18 UTC, the coin again took a dip and faced a cut of 2.12 USD to reach 75.86 USD. The current value of the coin is roaming around 76 USD.

Litecoin Price Prediction-

Litecoin has been under immense pressure during the last week and from the starting of this week, the coin has been able to fetch a good growth. And according to LTC Forecast, the coin may soon go beyond 80 USD and the medium-term outlook of the coin seems bullish. The details of the next resistance and support levels are given below.

Litecoin (LTC)
1st Resistance 78.66333333 USD
2nd Resistance 81.05666667 USD
3rd Resistance 84.55333333 USD
1st Support Level 72.77333333 USD
2nd Support Level 69.27666667 USD
3rd Support Level 66.88333333 USD

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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