Litecoin has lost 4% value against USD over the last 24 hours. The coin is now as low as 84 USD. A few weeks back, it was nearing 100 USD, so the volatility plays a major role in the case of Litecoin’s price movement. However, the medium-term is expected to be bullish.
- Litecoin (LTC) loses 4% over the last 24 hours.
- It may soon touch its 1st resistance of 88 USD.
Litecoin Price Statistics-
|Litecoin (LTC)||13th August 04:02 UTC|
|ROI (Return on Investment)||1,873.23%|
|Coin Circulation||63,025,418 LTC|
|Market Cap||5,345,485,427 USD|
|Value in USD||84.70 USD|
|Value in BTC||0.00745711 BTC|
|24h Volume||2,678,924,602 USD|
LTC to USD Price Comparison-
Litecoin has been devalued by 4% over the last 1 day with the help of four phases of fall. The coin started its journey of devaluation at 00:10 UTC and within 1 hour and 39 minutes, it was near 87.69 USD. After a few hours of strengthening, it again faced 3.18% dip in the value which took the coin to 85.95 USD by 09:05 UTC. The third swing came as another 2.40% cut in the value against USD that pushed the coin from 87 USD to 85.43 USD. The last swing happened towards the end of yesterday and between 19:48 UTC and 00:23 UTC of today, the coin faced a 2.23% decrease in the value which made the coin to be traded near 84 USD.
LTC Price Prediction-
Litecoin has a bullish medium-term outlook, and it is likely to outperform many major coins by the end of 2019. However, the short-term is unlikely to see any unprecedented and significant growth. It may soon touch 88 USD. The details of all resistance and support levels are given below.
|1st Resistance||88.43 USD|
|2nd Resistance||91.11 USD|
|3rd Resistance||92.51 USD|
|1st Support Level||84.35 USD|
|2nd Support Level||82.95 USD|
|3rd Support Level||80.27 USD|
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.