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Price Analysis

Litecoin Price Analysis: LTC Shows Stability During the Volatile Times

  • Litecoin shows four huge price swings in the last 24 hours.
  • The target for 2019 remains around 200 USD.

Litecoin is one of the major coins of the current times. Along with Bitcoin, it has also hiked significantly in the last few months, and it also has shown huge price swings in this period. Over the last 24 hours, the coin has dipped by a slight margin. It has shown four major price swings in this period. The medium-term outlook of Litecoin is bullish, and the coin may head towards 150 USD by the end of 2019. Let us look at the current details of the coin now.

Litecoin Price Statistics-

Litecoin (LTC)21st July 03:25 UTC
Rank4th 
ROI (Return on Investment)2,184.42%
Coin Circulation62,753,787 LTC
Market Cap6,164,934,616 USD
Value in USD98.25 USD
Value in BTC0.00923619 BTC 
24h Volume3,670,535,851 USD

Litecoin to USD Price Comparison-

Litecoin price chart July 21
Litecoin Price Chart by TradingView

Litecoin faced its first swing as a hike of 3.74% between 01:57 UTC and 03:07 UTC. This has added 3.65 USD to the value of each coin. It was followed by a steep fall of 2.88% over the next 8 hours from 03:07 UTC. This fall cost the coin 2.92 USD. The next variation was a huge hike of 7.25% between 13:37 UTC and 16:58 UTC. This hike added 7.15 USD. It was followed by a steep and massive fall between 16:58 UTC to 03:02 UTC today. This fall of 8.31% cost the coin 8.78 USD. These are the four price swings Litecoin faced over the last 24 hours. All of them lie in the range of 2% and 8%.

Litecoin Price Prediction-

Litecoin has a bullish medium-term outlook. The coin may get to as high as 200 USD by the end of 2019. The next resistance points are 104.2433333 USD, 107.8766667 USD, and 111.1433333 USD. The support levels are 97.34333333 USD, 94.07666667 USD, and 90.44333333 USD.

Conclusion-

Litecoin has a huge potential for the future. The coin may be moving at a slow pace now, but a bullish run is anticipated soon. For impressive returns, long-term investment is the key.

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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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