Price Analysis

Litecoin Price Analysis: Will $81 be LTC’s Next Shelter?

  • Litecoin sees a 4.39% cut in its value against USD, currently roams below 86 USD.
  • In the long-term, the coin is likely to perform better.

As we predicted yesterday, Litecoin has moved below 86 USD over the last 24 hours. With a whopping 4.39% dip in the value, the coin is one of the lowest-performing coins of the current times. The four price swings have managed to push the coin from 90 USD to 85 USD in these crucial hours of the coin. However, the coin is expected to make a bullish move sooner or later. Let us first check the current details of the coin out.

Litecoin Price Statistics-

Litecoin (LTC)10th August 02:02 UTC
Rank5th
ROI (Return on Investment)1,894.58%
Coin Circulation63,004,068 LTC
Market Cap5,386,192,057 USD
Value in USD85.81 USD
Value in BTC0.00719619 BTC
24h Volume3,140,834,474 USD

LTC to USD Price Comparison-

Litecoin price chart August 10
Litecoin Price Chart by TradingView

Litecoin started the day with an unprecedented blow and this devalued the coin by a whopping 6.90%. By 10:49 UTC, the coin was near 84 USD. However, for some hours, it got inclined and reached 86.58 USD by 13:22 UTC. But, it was again followed by a dip in the value by 3.98% and on 17:23 UTC, the coin was at its lowest point of the day at 82.60 USD. However, towards closing, the coin again stood on its feet and managed to reach near 86 USD. Currently, the value of Litecoin is some points below 86 USD.

Litecoin Price Prediction-

Litecoin is on a slope and it is breaching one support level after another. The days ahead are likely to be rougher than it already is. However, in the long-term, the coin will perform and give desired returns to its investors. The details of the coin’s next resistance and support levels are given below.

Litecoin (LTC) 
1st Resistance88.70333333 USD
2nd Resistance92.96666667 USD
3rd Resistance95.57333333 USD
1st Support Level81.83333333 USD
2nd Support Level79.22666667 USD
3rd Support Level74.96333333 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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