Litecoin Price Analysis: Litecoin (LTC) Shows Price Swings in Last 24 Hours

Fibo Quantum

Smarter_way_USA
  • Litecoin shows five huge price swings in the last 24 hours in the range of 4% and 7%.
  • The next resistance point is likely to be around 93 USD.

Litecoin is one of the major coins on the side of Bitcoin, attracting a huge number of investors. In the past few days, the coin has successfully avoided volatile swings. Over the past 24 hours, it has managed to grow by a slight margin. Here is an analysis of Litecoin’s price movement of last 24 hours to help the short-term traders to reorient their investment strategies. The medium-term outlook of Litecoin is bullish, and it may reach 200 USD by the end of 2019. Let us look at the current details of the coin now.

Litecoin Price Statistics-

Litecoin Price Prediction
Litecoin Price Chart by TradingView
Litecoin (LTC) 16th July 04:25 UTC
Rank 4th
ROI (Return on Investment) 1,978.17%
Coin Circulation 62,684,662 LTC
Market Cap 5,603,968,421 USD
Value in USD 89.01 USD
Value in BTC 0.00833560 BTC
24h Volume 3,178,262,865 USD

LTC to USD Price Comparison-

Over the last 24 hours, Litecoin has shown five major price swings. The first swing was a fall of 4.99% over 2 hours and 16 minutes from 00:02 UTC. It was soon followed by a hike of 4.77 USD or 5.60%. This hike happened between 02:18 UTC and 03:28 UTC. It was again followed by a steep fall of 4.01% over the next 9 hours and 24 minutes. This steep fall happened between 03:28 UTC and 12:52 UTC. The next swing was a hike of whopping 7.73% between 12:52 UTC and 16:00 UTC. This hike added 6.67 USD to the value of Litecoin. The final swing was a fall of 4.66% that happened over 10 hours and 53 minutes from 16:00 UTC. This fall cost the coin 4.33 USD. These are the five price swings of Litecoin, all in the range of 4% and 7%.

LTC Price Prediction-

The medium-term outlook of Litecoin is bullish, and the target for 2019 should be 200 USD. The next resistance points are 93.806 USD, 96.693 USD, and 100.756 USD. The support levels are 86.85666 USD, 82.793 USD, and 79.906 USD.

Conclusion-

Litecoin will take its own time to see a price rally. But in the long-term, the coin will give huge returns.