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Litecoin Price Analysis: LTC is on a Bullish Ride; The Value May Get $150 Soon

Written By 
June 3, 2019
Litecoin Litecoin
  • Litecoin (LTC) is a stable performer and managed to grow 70% in the last few days.
  • The 2019 target is likely to be $150.

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    Litecoin is one of the few promising coins in the market now. It has been showing strength over its price for quite a time. Especially, the growth over the last month was commendable. It has managed to grow by more than 70% in just about a month. Though there are apprehensions of this price rally, with the announcement of many new projects, the price is likely to roar. To attract more number of users, Litecoin has planned a summit at Las Vegas. If everything goes smooth, the price of each LTC may reach 150 USD by the end of 2019. Let us look at the current figures of this coin.

    Litecoin Price Current Statistics-

    Litecoin price chart - june 3

    • Litecoin is the 5th largest coin in the global market.
    • The ROI (Return on Investment) stands at 2570.52%.
    • A total of 62,053,376 LTC coins are in current circulations.
    • The current market cap as on 03rd June at 02:58 UTC stands at 7,098,927,532 USD.
    • The Litecoin value stands at 114.49 USD and 0.01314728 BTC.
    • The 24h volume stands at 3,416,435,167 USD.

    LTC Price Comparison-

    Litecoin started its journey of 2019 with a very low price. It even reached the lowest point of the year on 13th January at 29.96 USD. However, contrary to many experts’ opinion and prediction, the coin managed to record growth. The major growth was noticed on the 1st of April when the coin gained 52.90% in just 5 days. The market cap and the value of each coin on 03rd May stood at 4,896,480,392 USD and 77.68 USD respectively. The current market cap and the value of each coin are respectively 44.98% and 47.38% more than the figures for last month.

    Litecoin Price Prediction-

    We predict a bullish period ahead for Litecoin (LTC). The coin may encounter resistance at 120 USD and 125 USD. By the end of this quarter, the value is likely to face the first resistance. By the end of 2019, the value may reach 150 USD target. The period until the end of 2020 is also likely to be super bullish for Litecoin (LTC). To read more Litecoin prediction go through our forecast page so that you can invest in it at the right time.

    Conclusion-

    We advise to buy fresh coins at this price and hold the coins at least until 2020’s 1st quarter. Long-term holding may give profits over 30% of the current value.

Roxanne WilliamsbyRoxanne Williams
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