By Leah Hutton (Luxembourg)
The Litecoin is standing at $72.10 with a plummet in the value that started from $76.13.The behavior of the coin is not very good and slipping in the downward direction as the markets of all digital assets are submerged in the bearish trend. But the ROI value is standing at 1,577.53% displaying the positive image of the coin as compared to most of the coins.
Latest News and Events of Litecoin
A new report justified that a dusting attack of LTC happened reported by the Binance Academy. The report claimed that almost 294,582 addresses are affected due to dusting attack.
Glassnode, Blockchain data and metrics platform, shared its recorded findings related to the attack.
Source: glassnode
Litecoin Statistical Data
The statistical information about the coin is as follows:
Market Capitalization: $4,563,920,135 USD and 448,733 BTC.
24-hours Volume: $2,661,720,949 USD and 261,705 BTC.
Circulating Supply: 63,080,262 LTC
Maximum Supply: 84,000,000 LTC
Price Value of Litecoin
The price of Litecoin at the time of writing is standing at $72.10 and 0.00710868 BTC with the -4.71% plummet ratio in 24 hours.
Litecoin Price Comparison
Litecoin showed a perfect performance in the first three months of 2019 as compared to the end zone of 2018. In the first quarter of the year, the value increased by 100 % breaking the previous all records. Similarly, the period started from the start of May to the mid of June marked another achievement and price value increased by more than one hundred percent.
Also read:The halving of LTC happened on 8th August which greatly affected the rate of the coin as the tag price recorded on 8th august was $90 which then plummeted to the current tag of $72.10.
Litecoin Price Prediction
The trending behavior of the token is not showing a satisfactory performance as the trend line is submerged in the bearish trend by the assistance of sellers. The rate of the token on 18th August jumped to a higher point covering the distance of almost 6.14%; after this hooking of value, it dipped into the zone of a bearish trend. The technical analysis of Litecoin (LTC) revealed that it may plummet more in the future as its trend line crossed the strong support level at $75.86.
Conclusion
The seller pressure is holding the markets of LTC and price may lower further as it broke all the support levels.
What do say about the analysis of LTC and what will happen in the future? Share your views in the comment section.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.