Litecoin has lost another 6% over the last 24 hours. This is LTC’s third day in the line of losing value by more than 5%. The coin has shown four major price swings in this period. However, the medium-term outlook of the coin is bullish, and it may touch as high as 200 USD by the end of this year. Let us analyze the current details now.
Current Statistics of Litecoin-
|Litecoin (LTC)||24th July 03:23 UTC|
|ROI (Return on Investment)||1,974.60%|
|Coin Circulation||62,795,668 LTC|
|Market Cap||5,596,887,261 USD|
|Value in USD||89.20 USD|
|Value in BTC||0.00919316 BTC|
|24h Volume||2,815,832,604 USD|
LTC to USD Price Comparison-
Litecoin had its first variation as a fall of 4.57% between 00:11 UTC and 06:40 UTC. This fall cost the coin 4.33 USD. The next variation of 3.86% fall that happened between 07:24 UTC and 13:33 UTC. This variation cost the Litecoin 3.56 USD. It was followed by a hike of 6.54% over the next 6 hours and 43 minutes from 13:33 UTC. This hike added 5.79 USD. The last fall was of 7.65% between 20:16 UTC and 00:12 UTC of today. This hike cost the coin 7.21 USD. These are the four major price variations of Litecoin in the last 24 hours. All of them lie in the range of 3% and 7%.
Litecoin Price Prediction-
Litecoin has a bullish medium-term outlook. According to Litecoin Forecast, by the end of 2019, the coin is likely to be around 200 USD. The next resistance points are 94.25 USD, 97.88 USD, and 100.29 USD. The support levels are 88.21 USD, 85.80 USD, and 82.17 USD.
Litecoin has been on a downtrend for the past few days. The investors should now aim at the immediate support level of 88 USD. On the long-term, the coin has a huge potential to grow.