Litecoin Price Analysis: LTC Goes as Low as $90, May Find Shelter at $88 Next
- Litecoin (LTC) has lost a short margin over the last 24 hours and now it is hovering around 90 USD.
- The medium-term is predicted to be bullish and the target for year’s end should be 200 USD.
Litecoin (LTC) has been down by almost 3% over the last 24 hours. A few days ago the coin was racing towards 100 USD, but its current trend shows that the coin probably is finding a shelter near a support level. Litecoin went as high as 94 USD yesterday, but it was traded below 90 USD. However, amidst such volatility, the coin is still expected to show a 360-degree shift. It is expected to touch 200 USD by the end of 2019. Let us analyze the current details of the coin.
LTC Price Statistics-
|Litecoin (LTC)||8th August 02:02 UTC|
|ROI (Return on Investment)||2,002.84%|
|Coin Circulation||62,991,843 LTC|
|Market Cap||5,695,133,822 USD|
|Value in USD||90.12 USD|
|Value in BTC||0.00761578 BTC|
|24h Volume||3,074,401,536 USD|
LTC to USD Price Comparison-
LTC opened yesterday at a value of around 92 USD. By 05:09 UTC, it was hovering around 93.59 USD with the help of a 1.47% growth in the initial hours. After a few hours of resistance, the coin again jumped by 3.08% between 08:03 UTC and 13:09 UTC and this jump took the coin to the highest point of the day at 94.21 USD. However, this momentum was lost quickly and over the next three and a half hours, the coin was being traded at the lowest point of the day near 87 USD. After 17:00 UTC, the coin started gaining and registered a growth of 4.81% by 21:52 UTC and closed for the day near 91 USD. Since the opening of today, LTC seems to be on the loose and it has been down to 90 USD as of now.
Litecoin Price Prediction-
Litecoin has shown huge volatility on the market in the past few days. However, experts’ prediction hints at 200 USD price level of LTC by the end of 2019.
|1st Resistance||93.58666667 USD|
|2nd Resistance||96.26333333 USD|
|3rd Resistance||98.78666667 USD|
|1st Support Level||88.38666667 USD|
|2nd Support Level||85.86333333 USD|
|3rd Support Level||83.18666667 USD|
Litecoin, as one of the top-ranked coins, is yet to cope with the market trend, but according to experts’ Litecoin Prediction, it may give handsome returns to the investors who stick to the coin in the long-term.