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Price Analysis

Litecoin (LTC) Price Analysis: Litecoin is Available for Transfer on WhatsApp; Target Rests at $300

  • Litecoin has collaborated with WhatsApp for launching a transfer of value system.
  • The 2019 prediction target goes with 300 USD.

At the times of consolidation of cryptocurrencies in our day-to-day’s life, Litecoin has come up with good news. Litecoin (LTC) has collaborated with the world’s biggest messaging app, WhatsApp. This collaboration will help WhatsApp users to transfer Bitcoin (BTC) and Litecoin (LTC) through the Lite.Im bot. The blockchain platform the Zulu Republic creates the whole system. With the advent of this system, there will be no need for crypto exchanges for transferring digital coins. The Zulu Republic has officially confirmed this on a tweet. By the end of 2019, Litecoin (LTC) is predicted to reach 300 USD. Let’s now analyze the current details of the coin to understand the growth pattern.

Current Litecoin Price Statistics-

litecoin price chart

  • Litecoin (LTC) is ranked at 6th position in the global crypto market.
  • The ROI (Return on Investment) stands at 2029.80%.
  • A total of 61,863,101 LTC coins are in current circulation.
  • The market cap as on 21st May at 01:59 UTC stands at 5,672,239,768 USD.
  • The value of each LTC coin in USD stands at 91.69 USD and 0.01158859 BTC.
  • The 24h volume at the same UTC stands at 3,428,459,862 USD.

Comparison-

Litecoin price has been consistently growing over the last four and a half months. The lowest point of the coin was on 30th January at 31 USD, and the highest point was achieved on 16th May at 102.11 USD. The market cap on 21st April was 5,008,848,407 USD. And each LTC price in USD was 81.54 USD. The current market cap and the value of each coin in USD are respectively 13.24% and 12.44% more than the figures for last month.

Litecoin Price Prediction –

As mentioned earlier, the current value of Litecoin value is roaming around 90 USD. It will rise to 102 USD price level before finding resistance. From there the coin will have a shortfall, and it will rise to at least 300 USD by the end of 2019. By the end of 2020, it is predicted that the value will cross 1000 USD.

Conclusion-

New entrants are advised to dive in now before the coin hits back to above 100 USD. The short-term trading will give a profit of over 15 USD on the current price. Long-term holding until 2020 will give a huge push to the dividend.

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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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