Price Analysis

Litecoin Price Analysis: LTC Touches $75; May Stoop to $72 Soon

Following the leading coin BTC, Litecoin also has taken a drop in the value against USD. It has been down by almost 10% over the last 24 hours. It has fallen to as low as 75 USD. The next few days may not be very profitable to Litecoin investors. However, in the long-term, it is expected to get a turnaround. The current statistics of the coins are as follows.

Litecoin Price Statistics:

Litecoin (LTC)15th August 02:48 UTC
Rank5th
ROI (Return on Investment)1,674.87%
Coin Circulation63,038,868 LTC
Market Cap4,857,863,377 USD
Value in USD75.47 USD
Value in BTC0.00764497 BTC
24h Volume3,227,025,244 USD

LTC to USD Price Comparison:

Litecoin Price Chart
Litecoin Price Chart

In the initial hours of 14th August, the coin grew by some marginal degree. However, from 03:54 UTC and 14:25 UTC, Litecoin went through a price correction phase and lost 4.42 USD. The second swing came as another cut in the price when it took a dip of 9.04% and reached 75.23 USD by 17:13 UTC. It was followed by a small hike in the price that took the coin to 77.99 USD by 18:09 UTC.  The last swing came as a fall in the value of each coin against USD and the 4.06% fall cut 3.17 USD and made the coin to crawl at 74.78 USD, the lowest of the day.

LTC Price Prediction:

Litecoin seems to be on a dark phase, and it may fall further by the end of this month. However, the medium-term outlook may become bullish for Litecoin. Below are the details of probable resistance and support levels of Litecoin.

Litecoin (LTC) 
1st Resistance82.42 USD
2nd Resistance88.78 USD
3rd Resistance92.01 USD
1st Support Level72.83 USD
2nd Support Level69.6 USD
3rd Support Level63.24 USD

 

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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