One of the most popular and trusted names in the world of cryptocurrencies, Litecoin has been around for a really long time. Propositioned as the digital-silver compared to Bitcoin’s status of digital-gold, Litecoin continues to impress the markets. Standing-in as the 5th largest cryptocurrency by market cap, let us take a look at LTC price performance over the past 24 hours, the past 7 days as well as what to expect from LTC over the next few weeks.
LTC Price Over The Past 24 Hours
LTC price has dropped by almost 4% over the past 24 hours. The currency began the day priced in at $166.18 and closed the day at $159.80. The opening price was the highest point of the day while the lowest point came at $158.33. The currency’s market cap too, took a hit as it fell from $9.2 Billion to $8.9 Billion.
LTC Price Over The Past Week
Over the past week, Litecoin has shown a growth, but with many ups and downs in between. The currency began the week at $148, with the lowest point of the week coming in at $138. From there, it rose to a high of $175 mid-week – but closed the week at $158.33. Litecoin’s market cap rose from $8.2 Billion to $8.9 Billion over the week.
LTC Price Expectations
The price of Litecoin is expected to go on a slow decline for the next two weeks – but don’t expect a major fall. However, a breakout point is approaching in mid-April when the currency’s prices are all set to boom once again. A normal period for long-term holders. Short term traders are best suggested to set up a stop-loss.
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Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.