Litecoin Price Analysis: Litecoin (LTC) Nears 100 USD after Yesterday’s 6% Growth

Litecoin Litecoin
  • Litecoin (LTC) made an upward growth of 6% over the last 24 hours.
  • By the end of 2019, the coin is expected to reach 200 USD.
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    After days of anticipation, Litecoin has finally taken off to reach the moon. The last day’s almost 6% growth has put the coin near 97 USD and now it is racing towards 100 USD. If it can show a growth like June, there may not be much delay before the coin reaches its target price of 200 USD. Let us look at the current details of the coin now.

    Litecoin to USD Price Statistics-

    Litecoin Price Prediction- August 01
    LTCUSD Price Chart by TradingView
    Litecoin (LTC) 1st August 03:34 UTC
    Rank 5th
    ROI (Return on Investment) 2,147.39%
    Coin Circulation 62,912,818 LTC
    Market Cap 6,087,572,715 USD
    Value in USD 96.51 USD
    Value in BTC 0.00964172 BTC
    24h Volume 3,106,801,916 USD

    LTC to USD Price Comparison-

    Litecoin was near 90 USD at the time it opened for yesterday. However, by 12:24 UTC, the coin could add 6.22 USD to the value of each coin. The next variation came as another hike in the value against USD and this hike of 4.38 USD made the investors rich by almost 4.5%. Over the next 3 hours and 11 minutes from 18:43 UTC, Litecoin did not make any radical change and just grew by 0.30 USD. The latest one is a dip in the price over 3 and a half hours from 00:10 UTC and this fall took the coin from 99.63 USD to its current price around 96 USD.

    LTC Price Prediction-

    The coin must be racing towards 100 USD now. And it is expected to catch another June-like hike and by the end of this year, this hike has the potential to place the coin near 200 USD. The details of the resistances and support levels are as follows.

    Litecoin (LTC)
    1st Resistance 101.8833333 USD
    2nd Resistance 105.2566667USD
    3rd Resistance 111.0333333USD
    1st Support Level 92.73333333USD
    2nd Support Level 86.95666667USD
    3rd Support Level 83.58333333USD
    Conclusion-

    Litecoin’s recent gain is a good sign for the market. According to the current LTC Price Prediction, holding until this year’s end may give a return of 100% to the long-term holders.