Litecoin Price Analysis: LTC Price Dropped by More than 5% in the Last 24 hours

Fibo Quantum

Litecoin foundation is inviting many newer and crypto-based start-ups to sponsor in the LTC Summit. This will help firms with better visibility. They will be recognized in many sectors in the summit. 

Current Statistics of Litecoin:

Litecoin price is currently trading at $91.22 at 06:28 UTC on 26th July 2019. The other essential factors are calculated as: 

  • Return on Investment: 2031.63%
  • Total supply/Circulating Supply: 62,824,693 LTC/ 62,824,693 LTC
  • 24-Hour Volume: 2,484,583,914 USD
  • Market Cap: 5,758,293,301 USD
  • 7 Day high/low: 104.61 USD / 88.15 USD

LTC to USD Price Comparison:

The highest touchdown of yesterday was seen at 00:40 UTC when the value was trading at $96.51. The LTC price, however, dropped in a few hours by 3.79% at 04:53 UTC trading at $92.88. By 12:08 UTC, the value escalated by 3.60% trading at $96.22. In the next one hour, at 13:05 UTC, the value dropped again by 2.7% with trading valuation seen at $93.64. 

Litecoin Price Chart by TradingView

At 16:03 UTC, Litecoin price escalated by 1.88% trading at $95.40. By evening, the value dropped to the lowest of the day by 3.95% trading at $91.66. By 22:17 UTC, the value escalated by 2.15% with a trading value of $93.63. Today at 1:24 UTC, the value dropped to the lowest by 2.77% trading at $91.07.

Litecoin Price Prediction and Conclusion:

As noticed in most of the cryptocurrencies, Litecoin is seen in the bearish trend too. However, the price might be falling in the next few days, but with the long-term position, traders might be able to see better returns. 

As of now, traders might want to trade under the safer bid of resistance & support levels calculated as below: 

Resistance Levels: $95.38, $97.3 and $98.76

Support Levels: $92, $90.54 and $88.62

LTC price might be trading around $150 to $200 by the end of the year.