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Price Analysis

Litecoin Price Analysis: LTC Price Seems To Have a Surge Soon In The Cryptomarket

Litecoin (LTC) is one of the best performers among the top 10 cryptocurrencies in the market. Today, the coin is slipping, but the bear could soon turn into the bull.

In the last few days, the recovery in the coin experienced a steep upward movement. The four-day rally from 24th -28th May showed the coin has the potential to outshine itself. Yesterday, the coin touched a high of $119.74 and comparing it with a 52-week high which was $127.37, gives us an indication that the coin will soon bounce back and see a $127 morning soon.

Talking about the marketing plans, Litecoin is considered as the smartest performer in the field. With innovative market strategies, Litecoin is moving towards a bright future.

Litecoin Price Statistics from Trading View:

The price analysis of Litecoin as on 31st May 2019, at 07:05:26 UTC, with the help of a chart from Trading View, is given below:

Litecoin Price Chart

  • Litecoin (LTC) is the 6th largest coin in the cryptocurrency market.
  • The price of LTC is 107.02 USD.
  • The total 62,011,901 LTC is marked as the circulating supply.
  • Litecoin ROI is at 2,388.77%.
  • The market capitalization of Litecoin is 6,636,084,228 USD.
  • The 24hr volume of LTC is 4,963,685,881 USD.

The above graph is reflecting the upward movement of the currency. With a few ups and downs, the coin has managed to keep it high. The coin on 14th May was recovered in 7 days and started moving upward. Litecoin (LTC) touched a high of $116.99. The coin is currently dealing at $107.22. If we calculate the regression, then the downfall of 7% is marked on the charts.

Litecoin Price Prediction:

The coin is experiencing a serious hit today. The marketers believe that this is due to the fall in bitcoin price, and hence the Litecoin can recover soon. The current market strategies of Litecoins are pointing towards a fabulous future, which would also be reflected on the charts.

By the end of 2019, Litecoin can touch $140. In the coming five years the price could touch a high of $200. Therefore, the current price is beneficial for the purchase of LTC.

Conclusion:

Litecoins (LTC) is a result-giving currency. People looking for long term investment can pick Litecoins. The price outlay will give a huge return. For short term investors, the coin can also give a positive result.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.
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