Home / Altcoins / Litecoin Price Prediction: Litecoin’s price revived to reach its new resistance point of $132

Litecoin Price Prediction: Litecoin’s price revived to reach its new resistance point of $132

In the last few days, Litecoin has experienced one of the most unstable periods in the crypto-space. In the last 24 hours, the coin has suffered five major fluctuations in its price and remains quite unstable for that period of time. Among the five falls, the first has accounted for 4.61% of the losses. Then in the next 1 hour 37 minutes, there was an upsurge of 8.02% in the price.

This price has reached up to $136 before it dropped by 8.58%. After this decline, it rose again by 6.05% before the final price drop, which is about 8.54% of the value of the long-term. Regardless of the question of instability, medium-term prospects of LTC are still favorable. The medium-term perspective of the coin is bullish. It is possible that the LTC will reach about $200 by the end of the year. With the current analysis of the price detail of Litecoin via the LTC/USD chart, we can see that Litecoin’s price of $121.30 has seen surge up to 2.26%.

According to the LTC / USD trading chart for July, in market capitalization, Litecoin holds the place of being a fourth-largest digital asset. The ROI of Litecoin is 2,800.07%. The market circulation of LTC is 62,464,876 LTC with a total market capitalization of $ 7,805,616,070. Litecoin’s price stays at $ 124.98 at the time of the press, according to the market capitalization of about 24-hour trading volume of $ 5,738,119,114.

At the beginning of April, for all other altcoins, the price of Litecoin received its first price boost. LTC’s price rose 52.10% between 1st April and 6th April and traded at $91.81 from $60.26. This was followed by a drop of 27.14% over the next 23 days, where its price was traded at $66.57. Again, 52.65% rise in the price is observed again between 29th April and 15th May, where LTC is traded at $101.61.

There was another price increase, which represented at least 33.54% of the coin to $117.06 between 22nd May and 27th May. Again the next price increase of 34.97% is observed between 4th June and 14th June. The newest point of wobbling is when it dropped by 18.81% over a five-day period from 22nd June. The market capitalization on 1st June was $6,982,765,320 and the price of LTC was $112.41 for the coin. The current market capitalization of the coin and the price of the coin are 11.78% and 11.18% more than those achieved in the last month.

Litecoin’s price is rising for the medium-term. By the end of the year, the price of the coin is likely to reach about $200. The following resistance positions for the digital asset are $132.1933333, $142.1366667 and $148.0133333. While the next LTC support positions will be $116.3733333, $110.4966667 and $100.5533333. Litecoin’s price has shown significant potential for performance despite instability. Therefore, for the existing holders, it is recommended that if they want to make maximum profits, they must wait for at least a year.

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About Anushree Goswami

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Anushree Goswami is a Content Writer and has interest in Blockchain Technology. She has been working in the field of content writing for more than 2 years and is passionate to know and learn about new technologies.

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