Price Analysis

Litecoin Price Analysis: LTC Stagnates at $84; $100 Seems like a Distance Dream

  • Litecoin (LTC) stays at 84 USD, with no strong sign of recovery.
  • The weekend may see the value near 87 USD.

Litecoin has stagnated at 84 USD in spite of huge price variations in the last 24 hours. The coin went as high as 86 USD yesterday, but it could not manage to grow overall. However, the medium-term is still bullish and the coin may get near 200 USD by 2020. Let us find out the current statistics of the coin now.

Litecoin Price Statistics-

Litecoin (LTC)14th August 02:51 UTC
Rank5th
ROI (Return on Investment)1,867.41%
Coin Circulation63,031,831 LTC
Market Cap5,318,914,210 USD
Value in USD84.26 USD
Value in BTC0.00787097 BTC
24h Volume2,637,644,280 USD

LTC to USD Price Comparison-

Litecoin price chart August 14
Litecoin Price Chart by TradingView

Litecoin’s first swing came as a decrease in the value against USD by 1.48%. This cut a 1.27 USD from the coin. It was followed by a hike of 2.47% and through this; the coin reached the highest point of the day at 86.20 USD. But again this hike was not a long-standing one. After a few hours of volatility, the coin again fell to 83.39 USD due to a cut of 3.25%. The fourth swing, however, added some strength and took the coin to 85.56 USD by 17:07 UTC. Towards the closing, the coin was being traded at a very lower price. Between 17:07 UTC and 01:04 UTC of today, Litecoin faced a 1.83% loss in the value and it was hovering near 84 USD by then.

Litecoin Price Prediction-

There is no doubt that the coin is having huge obstacles on its way to 90 USD. But as per experts’ the coin will soon have a bullish run. There are the resistance and support levels of the coin.

Litecoin (LTC)
1st Resistance86.03666667 USD
2nd Resistance87.66333333 USD
3rd Resistance89.00666667 USD
1st Support Level83.06666667 USD
2nd Support Level81.72333333 USD
3rd Support Level80.09666667 USD

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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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