Price Analysis

Litecoin Price Analysis: LTC Gains Strength; $100 is Still Miles Away

  • Litecoin (LTC) gains almost 2.5% over the last 24 hours.
  • The coin has a bullish medium-term outlook and it may soon bring about a price rally.

Over the last 24 hours, Litecoin has shown an approximate 2.5% growth, but it is yet to make a long journey before it reaches 100 USD. The coin has strong fundamentals on its side and it may go as high as 200 USD by the end of 2019. The details of the current statistics are as follows.

Litecoin Price Statistics-

Litecoin (LTC)12th August 02:49 UTC
Rank5th
ROI (Return on Investment)1,954.52%
Coin Circulation63,017,743 LTC
Market Cap5,564,049,622 USD
Value in USD88.39 USD
Value in BTC0.00771721 BTC
24h Volume2,935,805,611 USD

LTC to USD Price Comparison-

Litecoin price chart August 12
Litecoin Price Chart by TradingView

At the opening of Sunday, Litecoin was near 85 USD. Over the next 10 hours, it got a push and added 2.75 USD. This was followed by another phase of a bullish run and by 18:22 UTC, Litecoin was hovering around 91.29 USD. But this value could not be sustained for long as a 2.15% decline happened by 21:46 UTC and it reached as low as 89.32 USD. The last swing came as another devaluation that took the coin to 87 USD by 01:48 UTC of today. The current value of the coin is near 88 USD.

Litecoin Price Prediction-

Litecoin is continuously facing devaluation over the past few days. It may have to face similar struggles before it reached 100 USD. However, the coin may pull all its strings to bring a price rally afterward. These are the probable resistance and support levels of Litecoin.

Litecoin (LTC) 
1st Resistance92.03666667 USD
2nd Resistance94.32333333 USD
3rd Resistance97.61666667 USD
1st Support Level86.45666667 USD
2nd Support Level83.16333333 USD
3rd Support Level80.87666667 USD

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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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