Price Analysis of Litecoin (LTC) as on 17th May 2019

  • Litecoin (LTC) to be used for hotel booking through Travala.com
  • Litecoin engages masses through partnership deals with concerts and sports

Litecoin has got its basics right. The key to mass engagement is finding the places where the customers are mostly found and be visible seamlessly without causing any intrusion. Litecoin earlier partnered with the Glory kickboxing team for sponsoring tickets for a few lucky VIP winners. It has also collaborated with K-pop studio for the famous concert tickets. Now, Litecoin is one of the official partners of Travala.com to sponsor hotel booking through LTC coin. All this has led to a bullish market trend.

Current Statistics:

Litecoin Price Chart

Litecoin Price Chart

  • Litecoin is ranked at the 5th position in the global cryptocurrencies list
  • The ROI of Litecoin (LTC) stands at 1,991.59%
  • The circulating supply is same as the total supply and is recorded at 61,807,436 LTC
  • As on May 17, 2019, at 09:24:00 UTC, the market cap of the coin is 5,591,319,864 USD
  • The price is trading at 90.46 USD & 0.01231908 BTC
  • The 24 h volume is 6,031,690,005 USD

Comparison:

In the last 30 days, the price of LTC coin moved between 106.21 USD & 67.27 USD. In the last 7 days, the lowest was recorded at 73.20 USD while the highest remained the same. As on April 15, 2019, at 07:34:00 UTC, the market cap of the coin was 5,126,982,084 USD. The price of the coin was 83.58 USD & 0.01615255 BTC. The 24 h volume was 2,485,264,063 USD. This shows an upward trend of over 23% in the past month. The first resistance level of the coin can be expected at 103.67 USD in the next few days.

Litecoin Price Prediction until 2020:

Litecoin has shown an upward movement consistently since the onset of 2019, and the price has almost increased by 3X. The highest value of LTC coin was recorded in December 2017 at 375.29 USD. Recently, the Litecoin’s LTC has crossed the 100 USD milestone and is all set to increase the mainstream adoption manifold. It is only a matter of time that the coin will surge higher strongly with the price of each LTC, reaching as high as 500 USD by the end of 2019. In the next 2 years, Litecoin’s LTC can cross the 1000 USD mark.

Conclusion:

This is the best time to invest in LTC. The price is moderate; the market trend is positive for the hopes for the future are definitely strong. Buy LTC in bulk for huge returns.

Crypto Destroyer

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