Price Analysis

Litecoin Price Analysis: Will Litecoin (LTC) Reach $150 In The Coming Days?

  • LTC growth has pumped investors, coins exchanges and traders alike
  • LTC may set a new record high by the end of 2019

Litecoin has till date recorded over 4.5X growth since the beginning of the year and has been surging immensely since the last few days. The coin holders are investing heavily for better returns and the currency exchanges are running contests to entice the top traders of LTC. The year has given LTC a strong market presence and may result in setting up a new record high soon. The market statistics point towards the upward surge.

Litecoin Price Statistics:

In the last one month, LTC has grown from $100.42 to its current value of $139.97 as on June 23, 2019 at 09:13:57 UTC showing an uptrend of over 39%. Throughout the month, the coin has grown exponentially and reached as high as $146. The momentum was picked right after June 10 and since then there has been not a single dull moment in LTC growth.

LTC price chart - 23 June
LTC price chart
  • LTC is currently trading at $139.97 and 0.01339931 BTC
  • The market cap of the coin has reached $8,707,970,184
  • The 24 h volume of the coin is now $5,412,938,054
  • The circulating supply of the coin is 62,349,994 LTC
  • The ROI of the coin now stands at 3195.99%

The highest recorded value of LTC was $146 yesterday and the coin has been maintaining a consistent growth trajectory since the last few days. It may cross $150 mark soon.

Litecoin Price Prediction:

Litecoin is regularly accelerating and the coin may cross $170 by the end of the next quarter. It may also cross its all-time high value of $375 around the first quarter of 2020 and trade above $200 by the end of the year and if it grows over 4X from its current value only if it can maintain the current growth momentum.

Conclusion:

Litecoin can be targeted for long-term investments now and can help in getting bigger returns in the future.

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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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