Litecoin Price Analysis: LTC Price Falls Below $75 in the Last 24 Hours

LTC has been down by 1.03% over the last 24 hours, and with four major price swings, the value of each coin has been traded from 76.32 USD to 74.28 USD. Here is an analysis of the Litecoin price movement.

Current Statistics of Litecoin

Litecoin (LTC)                          17th August 05:02 UTC
Rank 5th
ROI (Return on Investment) 1,629.88%
Coin Circulation 63,052,893 LTC
Market Cap 4,680,343,065 USD
Value in USD 74.28 USD
Value in BTC 0.00717428 BTC
24h Volume 2,926,700,157 USD

LTC to USD Price Comparison

Litecoin Price Chart - 17 Aug 2019
LTC Price Chart by TradingView

Litecoin started the day with a huge cut in the price against USD when the coin went from 76.32 USD to 72.27 USD over 5 hours and 20 minutes from 02:16 UTC. It was followed by a hike in the LTC price by 3.65 USD, which placed the coin at 75.90 USD. The third swing was a cut in the value by 1.48%, and after a few hours of growth, Litecoin again faced a dip in the value by 2.14% and brought the price to 73.72 USD. The first two swings have created a perfect inverted triangle.

Litecoin Price Prediction

After the last couple of days of struggle, many major coins have been on a recovering path. But Litecoin doesn’t seem to have started yet. There is no strong sign of recovery anytime soon. However as per Litecoin Predictions, the medium-term is likely to be bullish. For safer trade, the details of resistance and support levels are given below.

Litecoin (LTC) Resistance & Support Levels
1st Resistance 77.03666667 USD
2nd Resistance 79.15333333 USD
3rd Resistance 81.13666667 USD
1st Support Level 72.93666667 USD
2nd Support Level 70.95333333 USD
3rd Support Level 68.83666667 USD

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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