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Litecoin Gets Past Bitcoin SV (BSV) and Bitcoin Cash (BCH) While Taking the 7thRank on the List
In the latest bull run where Litecoin managed to take a spike of 11% against the dollar in the course of the last 24 hours, LTC managed to get past two previously better-positioned cryptocurrencies, Bitcoin Cash (BCH) and Bitcoin SV (BSV). Even though Bitcoin SV is marking 7% of gains in a single day, following LTC while the rest of the top ten traders are rising by 3% as a maximum average in the last 24 hours, BSV is showing negative returns of over-23% against the fiat in the last seven days.Litecoin (LTC) Price Today – LTC / USD
Please enter Coingecko Free Api Key to get this plugin works.That is how Litecoin managed to push BSV down the ranking list, also getting past Bitcoin Cash, now positioned as the 8thlargest crypto with -24% of losses in a week, while BSV is settled as the 9thbiggest currency at the moment. Litecoin managed to take a better position on the list with the market cap of over 1.5 billion dollars, also recording nearly 2% of gains in the course of the last week and progressing ion an hourly basis by 1% at the moment of this writing. At this pace of growth, LTC seems to be attempting to recover, however, the gains might be short-term and might not last long enough to get LTC back above 30$.
What to Expect from Litecoin in 2019?
The more optimistic case scenarios dictate that Litecoin will continue to rise in 2019, managing to get even above the price of 60$ during the course of the next several months. However, other forecasts predict that 2019 will be equally bearish as 2018, which means that Litecoin might not be able to get far from its lows in the course of the next year. In case LTC doesn’t find a positive momentum in the following months, the crypto is risking seeing new lows, which means LTC could even go below 20$ despite the latest gains.
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.