Litecoin price has escalated by 5% over a day. However, the last few days have been quite volatile for the coin. On October 8, 2019, the price was hovering at around $56. Currently, it is trading at $58. The escalation might not be huge, but still, it has struck a hope amongst the traders.
If we look at yesterday’s chart, the currency touched a high at $58.65 and a low at $54.45. The volume marked on the chart was $2,891,486,029. Let’s have a look at today’s price movement of Litecoin.
Litecoin Price Chart:
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The chart is taken from Trading View on October 8, 2019, at 04:47:46 UTC for analysis.
Yesterday, Litecoin started the day with a drop. The price counters moved from $54 to $53 by 1.86%. The price immediately recovered by 3.77% and touched $2.01. The price kept moving up all day and took the final jump from $56 to $58 with an increase of 3.54%. The downtrend was spotted after the jump. The price slipped to $57 before closing. The intraday registered a progression of 5.55%. Today, the progression has been locked. The price moved from $57 to $58 by 1.48%.
Litecoin Price Prediction:
Litecoin (LTC) has shown a remarkable price movement in the first two quarters. The coin superseded the momentum of Bitcoin. However, the last quarter turned out as a huge setback for the coin. We are looking for a similar price movement in the ongoing quarter. However, as per Litecoin Price Forecast, it seems that LTC is likely to give tough competition to Bitcoin in the future. All in all, investing in LTC would turn out to be fruitful.
Today’s statistics of LTC states that the market cap is at $3,667,980,012. The 24hr volume is noted as $2,885,537,325. The circulating supply is marked as 63,420,829 LTC. The ROI (Return On Investment) is at 1245.07%.
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The year is speculated to close with a bullish note. The currency is recommended for long-term traders. The same might help the traders draw high dividends.
