Meta Data: The growth in Litecoin has stopped today has movement has almost gone flat. As of now, the trends are bullish.
You can pre-order the new Ellipal Wallet Titan from the Litecoin Foundation store today. The wallet will protect against remote & physical attacks. Ontology Network and NEO Blockchain have partnered with Litecoin Foundation this week to build a cross-chain platform.
On June 27, Litecoin was trading around 118.591 USD. Nevertheless, today after 25-days, the coin has gone down by a huge margin of 18.73%. But in a week of trading, the altcoin has shown strengthening of 8.4% from the market price of 88.884 USD on July 16. A similar trend can be observed in yesterday’s trading where Litecoin opened at 100.51 USD, and with a slight decline of 0.87%, it closed around 99.63 USD.
According to our analysis, the long-term for the crypto is exceptional and it might trade around 200 USD by the end of 2019. The immediate support for the crypto is at 95.23 USD. Additionally, the resistance for the altcoin is at 101.75 USD.
The high momentum in Litecoin has faded in the last two days and the coin has manifested relatively flat trading. At the current scenario, it is better to wait and watch for the next couple of days before making any investment in Litecoin. However, the long-term trend is still bullish.