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Price Analysis

Litecoin Price Analysis: LTC Hovers Below $118; Not Much Expectation From The Day

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  • Litecoin floats at a lower level around $118.
  • The crypto market opens with a blood rush.

Litecoin (LTC) is moving down the price chart. The coin was expected to recover on the weekend, but there is no sign of upsurge in the price. The market is tumbling and is a $32 billion market cap. However, we are positive about Litecoin’s future. The coin has integrated with Flexa, and soon Litecoin would be entering a whole new market which will increase the visibility of the coin. The market cap of Litecoin is also anticipated to increase with the same.

LTC to USD Price Chart:

The coin is taken from Trading View on 07th July 2019, at 03:18:24 UTC for price analysis.

Litecoin price chart - july 7

Looking at the 2-day Litecoin chart, the coin is reflecting a moderate fall in price. The coin opened with an escalation on 5th July 2019. The hike was marked by 1.29%, and the price shifted from $119 to $120. Later, the coin dropped from $120 to $117 with a mark of 2.89% loss. The coin again jumped to $120 from $117. This time the leap was of 2.68%. During the day, the coin observed loss by 0.75% as the price changed from $119 to $118. Next day, the coin opened at $119. The coin maintained the price on the graph at $120. There were two major movements on the day. The first movement took the price from $118 to $121 by 2.60% and the other, took the price from $120 to $117 by 2.19%. The coin closed yesterday at $118. The aggregated loss is of 0.25%. Today, the coin opens with an escalation but later dropped to $118. The coin is expected to remain the same all day long.

Particulars Litecoin (LTC)
Price (USD)$118.270
Rank4
ROI2661.28%
Market Cap7,426,996,843 USD
24hr volume3,382,527,226 USD
Circulating Supply62,553,541 LTC

Litecoin Price Prediction and Conclusion:

The LTC price movement has indicated that it has got the potential to survive in tough times. The coin booked a moderate loss in the heavy market pressure. The coin is expected to rise in the future. Litecoin can be seen dealing at 150 USD by the end of 2019.

The long term investment in Litecoin is giving a strong indication of a high return on investment.

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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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