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Price Analysis

Ripple vs Litecoin: Intraday Price of LTC Shows a Surge, While XRP Shows a Decline Despite Bullishness

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The recent Bitcoin Bull Run and the announcement regarding the collaboration of Ripple and MoneyGram are two major factors behind XRP’s price rally. The third largest cryptocurrency was hovering between $0.40 and $0.41 in the past week, which has now witnessed price spikes as high as $0.4545 recently.

On the other hand, Litecoin also went through a price surge over the last weekend, when it reached as high as $138.79. LTC had maintained its price range above a support level of $130 till yesterday after which it tumbled to $129.

Current Statistics:

Statistics

Ripple (XRP)Litecoin (LTC)

Price (USD)

11:39:37 UTC

$0.4311$137.29

Market Capitalization

$18,347,245,292$8,545,588,784

24h Volume

$1,345,994,785

$3,986,251,454

Circulating Supply42,501,950,124 XRP

62,292,550 LTC

Return on Investment (ROI)7,249.20%

3,090.47%

XRP/LTC Price Chart:

Ripple/Litecoin price Chart

XRP price yesterday struggled with bears and saw two major price plunges. The initial price fall caused it to drop to $0.43 from $0.44. After holding at the price point of $0.43, it saw a sharp fall at 0.41 USD breaking its major support at $0.42. With a steady upward correction, XRP maintained its price level above $0.42 whole day with yesterday’s closing price at $0.4288. Today. XRP has shown a moderately bullish approach and is trading above $0.4300.

A bit similar price trend is traced by Litecoin as it had also tumbled to $129.52, its 24-hour low price mark, with a gradual drop. After a sharp rebound at $136.55, it has been trading above $131 till now. However, it had a notable price drop at $131.01, which took place at the same time as XRP’s price drop at $0.4180. With a price recovery, yesterday LTC had its closing price at $135.16.

Both the cryptocurrencies also witnessed a price rise today, as shown in the highlighted part where LTC had its 24-hour high price of $139.14. In the last 24 hours, Litecoin has surged to 3.75%, while Ripple has decreased to 3.51%.

Conclusion:

Both the currencies are currently indicating further price gains. As XRP has been holding above $0.4300 it is expected to surge higher. It may see resistance prices at $0.4417 and $0.4676. At $0.4041 and $0.393, XRP can see support if it moves downward. Meanwhile, Litecoin is likely to see resistance levels at 139.78 and 143.64 while having support levels at $131.30 and $127.44.

 

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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