The present era has witnessed tremendous growth of the internet and various applications that are running over it. Cloud computing is the internet based technology, emphasizing its utility and follows pay-as-you-go model, hence became so popular with high demanding features. Load balancing is one of the interesting and prominent research topics in cloud computing, which has gained a large attention recently. Users are demanding more services with better results. Many algorithms and approaches are proposed by various researchers throughout the world, with the aim of balancing the overall workload among given nodes, while attaining the maximum throughput and minimum time. In this paper, various proposed algorithms addressing the issue of load balancing in Cloud Computing are analyzed and compared to provide a gist of the latest approaches in this research area.