Litecoin Price Analysis: LTC Goes as Low as $90, May Find Shelter at $88 Next

Fibo Quantum

  • Litecoin (LTC) has lost a short margin over the last 24 hours and now it is hovering around 90 USD.
  • The medium-term is predicted to be bullish and the target for year’s end should be 200 USD.

Litecoin (LTC) has been down by almost 3% over the last 24 hours. A few days ago the coin was racing towards 100 USD, but its current trend shows that the coin probably is finding a shelter near a support level. Litecoin went as high as 94 USD yesterday, but it was traded below 90 USD. However, amidst such volatility, the coin is still expected to show a 360-degree shift. It is expected to touch 200 USD by the end of 2019. Let us analyze the current details of the coin.

LTC Price Statistics-

Litecoin (LTC) 8th August 02:02 UTC
Rank 5th
ROI (Return on Investment) 2,002.84%
Coin Circulation 62,991,843 LTC
Market Cap 5,695,133,822 USD
Value in USD 90.12 USD
Value in BTC 0.00761578 BTC
24h Volume 3,074,401,536 USD

LTC to USD Price Comparison-

Litecoin price chart August 8
Litecoin Price Chart by TradingView

LTC opened yesterday at a value of around 92 USD. By 05:09 UTC, it was hovering around 93.59 USD with the help of a 1.47% growth in the initial hours. After a few hours of resistance, the coin again jumped by 3.08% between 08:03 UTC and 13:09 UTC and this jump took the coin to the highest point of the day at 94.21 USD. However, this momentum was lost quickly and over the next three and a half hours, the coin was being traded at the lowest point of the day near 87 USD. After 17:00 UTC, the coin started gaining and registered a growth of 4.81% by 21:52 UTC and closed for the day near 91 USD. Since the opening of today, LTC seems to be on the loose and it has been down to 90 USD as of now.

Litecoin Price Prediction-

Litecoin has shown huge volatility on the market in the past few days. However, experts’ prediction hints at 200 USD price level of LTC by the end of 2019.

Litecoin (LTC)
1st Resistance 93.58666667 USD
2nd Resistance 96.26333333 USD
3rd Resistance 98.78666667 USD
1st Support Level 88.38666667 USD
2nd Support Level 85.86333333 USD
3rd Support Level 83.18666667 USD

Conclusion-

Litecoin, as one of the top-ranked coins, is yet to cope with the market trend, but it may give handsome returns to the investors who stick to the coin in the long-term.