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|
|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 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, 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|