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Price Analysis

Litecoin Price Analysis: LTC Maintains at $76; the Next Target is Likely to be $81

  • Litecoin hovers at 76 USD for the second day.
  • The next resistance point for the coin may come at 81 USD.

Litecoin, as a Top-5 coin in the market, has a huge user base and it gets decent attention for this. For the past few days, the coin was negatively focussed as it was under pressure. But the day before yesterday Litecoin managed to get over the 75 USD mark. In the last 24 hours, the coin could not advance further, but it maintained well its value near 76 USD. We will be analyzing the four major price swing of Litecoin in the last 1 day. Let us see the current statistics first.

Litecoin Price Statistics-

  • Litecoin is on 5th position in the market and the ROI (Return on Investment) of the coin currently is 1,687.11%.
  • A total of 63,072,181 LTC coins are in current circulation.
  • The market cap of Litecoin as on 20th August at 03:15 UTC stands at 4,842,401,376 USD.
  • The value of Litecoin stands at 76.69 USD and 0.00706377 BTC.
  • The 24h volume of the coin stands at 2,322,489,366 USD.

LTC to USD Price Comparison-

Litecoin price chart August 20
Litecoin Price Chart by TradingView

Litecoin started yesterday near 76 USD and with a small hike of 1.59%, which took the coin to 77.02 USD by 02:11 UTC. The second swing came as a huge price gain for Litecoin as it was pushed from 76 USD to 78.72 USD over 2 hours from 06:01 UTC. In the next 4 hours, the coin managed to maintain its value near 78 USD. But between 11:51 UTC and 20:51 UTC, the coin fell by 3.96% and reached 75.56 USD. However, towards the closing of the day, the coin grew by 2.22% and reached 77.22 USD by 23:11 UTC. Over the last few hours, the coin has been maintaining its value near 76 USD.

Litecoin Price Prediction-

Litecoin is likely to grow exponentially soon. The next target for the coin should be 81.18 USD and after that may find it smoother to get hikes. The medium-term of the coin seems bullish. The next probable resistance and support levels are listed below.

Litecoin (LTC) 
1st Resistance78.55333333 USD
2nd Resistance79.84666667 USD
3rd Resistance81.18333333 USD
1st Support Level75.92333333 USD
2nd Support Level74.58666667 USD
3rd Support Level73.29333333 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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