Price Analysis

Litecoin Price Reflects Profitable Day for Traders

  • Litecoin (LTC) price registers profit for intraday traders
  • The coin holds a high prospect of recovery in the future

Litecoin is moving towards the immediate resistance level at $55. The coin has been affected by market volatility at large. The traders who have traded with Litecoin are well aware of the movement of the price. The currency would soon be seen climbing up, and traders could be booking high dividends during the same. To understand the price movement more precisely, let’s have a look at the intraday price chart.

LTC to USD Price Analysis:

The coin started dealing at $55.148 and the first few hours registered loss that pulled the price down to $54.001 by 2.08%. There was a recovery in the price that took it to $55.8 by 3.35%. The coin couldn’t hold itself at the level and fell to $55.360. The final hours again brought it up to $55.22 by 1.59%. Today, the movement is quite flat in Litecoin. The price recently fell from $55.22 to $54.42 by 1.49%. The current price of Litecoin is at $54.80.

Litecoin Price
LTC Chart By TradingView

Litecoin is counted among the highest result-yielding coin. In the first two quarters of 2019, the price movement was astounding. Litecoin surpassed the movement in Bitcoin and was showing great potential. The fall started from the third quarter, and now the coin is spotted suffering.

Well, we are positive that the price would soon improve and the traders would book huge profits again. For the traders interested in Litecoin, we would recommend picking long-term investment. The short-term investment would give the desired result. Thus, the long-term investment is said be best suited for Litecoin.

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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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