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Price Analysis

Litecoin Price Analysis: Will LTC Give Fruitful Results To Its Traders?

Litecoin has recently announced its Litecoin Summit 2019 which is going to happen in Las Vegas. Such updates and conferences dig the minds of the traders. However, an interesting thing that people might have missed out is that you need to buy the tickets using the Litecoin platform. It might not reflect on the charts, but surely the summit catches the eyes of the people increasing the number of traders on the platform. Maybe in later part, but think about it!

No wonder they keep the price of the ticket handy, to attract more audience on their platform. The idea is absolutely brilliant! And of course, most of the people visiting the Summit are more excited about Las Vegas and any other prediction discussion.

But anyway, let’s see how’s that market is performing today.

Price Analysis of Litecoin on 1st June 2019:

Litecoin Price chart

At 9:07 UTC, the value of LTC is traded at $114.350 on 1st June 2019. The market ranking of LTC is positioned at number 6, with the return on investment at 2550.41%. The market cap value of LTC as of today is 7,068,893,398 USD with 24-hour volume at 4,396,054,428 USD.

LTC Price Comparison:

Litecoin price chart

Comparing the data of the last month, the lowest value point was realized on 10th may at the value of $73.636, the market increased to 55% from then. The highest of the month was inked on 30th May with the value traded at $119.710. However, the value dropped to 4% but not making too much of a difference for the traders. And thus, short term investment might be a fruitful decision for the traders at this time.

Litecoin Price Chart

One can quote the same for long term investment as well. However, LTC realized some soaring at the beginning of the year as the values were continuously surging below the baseline. However, the market is pulling upwards now bringing better confidence for the traders.

LTC Price Predictions and Conclusion:

With the trend moving upwards, traders are hoping that the value will close with $200 by the end of the year. And well, it might be possible only if the big sharks do not giggle around Litecoin. But Litecoin is still one of the eye-catching coins that traders are thinking to capitalize with. And with Summit coming closer, the trend might see some different surges.

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
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