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Price Analysis

Litecoin (LTC) Price Analysis: Will LTC Integrate With OKEx?

  • OKEx tweets, let’s light up the darkness.
  • Indicates future collaborations with Litecoins (LTC).

OKEx is the leading Chinese trading platform which has evolved over the years and is now covering more than 100 countries in the world. The company tweeted yesterday that it is planning to something with Litecoins shortly.

Currently, OKEx demonstrates approximately 1.5 billion trading volumes. Talking about future and spot markets, OKEx is operating more than 400 crypto assets. The exchange has actively taken up Litecoins from quite a long time, and now the twitter message shows that they are planning something huge.

The venture will undoubtedly fall in favor of investors.

Let’s take at the current statistics of the Litecoins.

Current Statistics:

The Litecoins price analysis as per the chart from Trading View as on 24th May at 11:50:35 UTC is given below:

Litecoin (LTC) chart

ParticularsStatistics
Rank5
Price$95.09 USD
ROI2111.52%
Circulating Supply61,911,251 LTC
Market Cap$5,887,238,863 USD
24 hr Volume$3,749,140,746 USD

 

LTC is presently trading at 95.24 USD. Looking at the past 6hr chart, the price has shown a bullish movement. At 05:48 UTC the price was at 88.49 USD, whereas at 11:30 UTC, the price touched the highest point of 100.21 USD. It is also the highest prize in the past two weeks.

Comparison:

Litecoins have always been the best result in giving investment in the crypto market. Many investors prefer Litecoins rather than any other cryptocurrencies in the ongoing market for the same given reason. At the bringing of the year 2019, LTC was at 30.46 USD. However, as on 24th May 2019, 11:02:36 UTC, the price is at 95.24 USD. The price in Litecoins has tripled in five months.

If we compare the charts from last month price, which was 69.55 USD with that of now, at 11:02:36 UTC, which is 95.24 USD, there is a steep progression in price by 37%. The comparison is clearly an indication of the profit charts of Litecoins.

Price Prediction:

The OKEx tweet has created a stir in the market. The tweet also stated a timeline of May –Aug 2019, which clearly indicates that the venture will reveal its course of business between the specified period. The news will also create a huge difference in the price of the coin.

By the end of 2019, Litecoins are anticipated to take a tremendous hike of 2% – 3% in its price.

Conclusion:

People looking for huge returns can definitely go for Litecoins. As of the end of the year, the coins seem resulting in promising values to its investor.

However, diversifying investment in cryptocurrencies is always suggested.

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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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