Price Analysis

Litecoin Price Analysis: LTC Loses for The 3rd Day in Straight

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
Rank4th
ROI (Return on Investment)1,974.60%
Coin Circulation62,795,668 LTC
Market Cap5,596,887,261 USD
Value in USD89.20 USD
Value in BTC0.00919316 BTC
24h Volume2,815,832,604 USD

LTC to USD Price Comparison-

Litecoin price chart July 24
Litecoin Price Chart by TradingView

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. 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.

Conclusion-

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.

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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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