Following the leading coin BTC, Litecoin also has taken a drop in the value against USD. It has been down by almost 10% over the last 24 hours. It has fallen to as low as 75 USD. The next few days may not be very profitable to Litecoin investors. However, in the long-term, it is expected to get a turnaround. The current statistics of the coins are as follows.
Litecoin Price Statistics:
|Litecoin (LTC)||15th August 02:48 UTC|
|ROI (Return on Investment)||1,674.87%|
|Coin Circulation||63,038,868 LTC|
|Market Cap||4,857,863,377 USD|
|Value in USD||75.47 USD|
|Value in BTC||0.00764497 BTC|
|24h Volume||3,227,025,244 USD|
LTC to USD Price Comparison:
In the initial hours of 14th August, the coin grew by some marginal degree. However, from 03:54 UTC and 14:25 UTC, Litecoin went through a price correction phase and lost 4.42 USD. The second swing came as another cut in the price when it took a dip of 9.04% and reached 75.23 USD by 17:13 UTC. It was followed by a small hike in the price that took the coin to 77.99 USD by 18:09 UTC. The last swing came as a fall in the value of each coin against USD and the 4.06% fall cut 3.17 USD and made the coin to crawl at 74.78 USD, the lowest of the day.
LTC Price Prediction:
Litecoin seems to be on a dark phase, and it may fall further by the end of this month. However, the medium-term outlook may become bullish for Litecoin. Below are the details of probable resistance and support levels of Litecoin.
|1st Resistance||82.42 USD|
|2nd Resistance||88.78 USD|
|3rd Resistance||92.01 USD|
|1st Support Level||72.83 USD|
|2nd Support Level||69.6 USD|
|3rd Support Level||63.24 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.