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Price Analysis

Litecoin (LTC) Price Analysis: Litecoin Takes Bigger Leaps To Continue The Upward Surge

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  • Litecoin has maintained a firm position in the coin ladder since the onset of 2019.
  • Litecoin’s partnership with Glory Kickboxing is a tremendous step to increase coin’s adoption in the mainstream market
  • Litecoin branded Cobo Tablet is now available for a price of 49 USD offering high-end crypto security and storage

Founded by Charlie Lee in 2011, Litecoin is a blockchain based platform for hassle-free & secured transactions. It is based on the proof of work algorithm and is currently placed firmly in the crypto market space.

Current Statistics:

Litecoin Price Chart

  • Litecoin is ranked at the 5th position in the top 100 cryptocurrencies list globally
  • The ROI of the Litecoin (LTC) stands at 1,655.25%
  • The market cap is now 4,659,144,318 USD as on May 9, 2019 at 07:44:00 UTC
  • The price of the LTC is trading at 75.53 USD & 0.01245675 BTC
  • The 24 h volume at the same UTC is 2,536,492,253 USD
  • The circulating supply is almost equivalent to the total supply and is 61,689,232 LTC

Comparison:

The movement of the coin value has been between the range of 82.02 USD & 72.33 USD in the last 7 days. A down phase of over -20% has been observed in the last month with a drastic fall in the value of the coin due to market fluctuations. As on April 07, 2019 at 01:34:00 UTC, the market cap was 5,784,586,351 USD, the price was trading 94.48 USD & 0.01830069 BTC and the 24 h volume was around 3,642,721,237 USD. The first resistance level of the coin in the coming days will be at 75.58 USD and the second resistance level will be seen at 77.80 USD. LTC value looks promising in the coming days.

Litecoin Price Prediction until 2020:

Litecoin (LTC) was priced at 30.70 USD at the beginning of the year 2019 and has grown manifolds since then. The coin had reached an all-time high of over 375.29 USD on December 19, 2017. A strong upward trend is around the corner for Litecoin as the firm inks key partnerships enticing other institutional investors. Collaboration with Glory kickboxing resulted in a bullish price surge, and now the company has partnered with Cobo Vault recently for the launch of Litecoin branded Cobo Tablet ensuring better storage of crypto coins. The price of the coin will be in the range of 100 USD to 150 USD by the end of 2019. In the next 2 years, the price of the coin can reach as high as 300 USD.

Conclusion:

Litecoin is one of the best bets for long term investment yielding huge dividends in the next 2 years.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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