Since January, Litecoin (LTC) has increased by an amazing 186% against the USD. This bullish reversal was complemented by the end of the Bitcoin bear market and the beginning of the Bitcoin bull run this week. Litecoin price prediction 2019 is positive fundamentally and it is also positive technically. This week, during the altcoin rally, the price of Litecoin hit a new monthly high of $101 against the USD. Shortly after, it started to correct lower.
Litecoin (LTC) Price Today – LTC / USD
Please enter Coingecko Free Api Key to get this plugin works.Even if it is currently trading in red, the Litecoin price prediction 2019 is stills bullish. It is important that the price of Litecoin doesn’t fall below the bearish pin bar. If this happens, the price of Litecoin is going to fall to the support at $60 and even as low as $50. Falling as low as $50 would have a way for lower dips against the USD. If the price of Litecoin were to rebound, it would smash all the resistances and head straight to the $101 and keep moving upward.
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Litecoin Price Prediction 2019 – Is The Litecoin Price Reaching $150 This Month?
If the bulls take control of the market again, the price of Litecoin is going cross the resistance at $95. If this happens, the next resistance will be at $110 and $120. If the price of Litecoin crosses $120, it is going to keep surging upward until it gets to $150. The structural outlook of the price of Litecoin is bullish. All we have to do is wait and see if Litecoin will recover more than it already has short term.
There are many possible reasons why the price of Litecoin has been on a steady rise since December. One of them is the upcoming Litecoin halving event. This Litecoin halving is going to reduce the block reward for Litecoin miners. Apart from the Litecoin halving, the Litecoin Foundation is also working on making Litecoin a privacy coin. The anticipation surrounding this upgrade has helped increase the interest investors have in LTC. The Litecoin trading volume and the volume on the Litecoin blockchain has also increased significantly since the price started rising. Whether or not the price of Litecoin will keep rising is unclear. However, all indicators at this point are bullish.
Litecoin News Today – Litecoin Halving And Litecoin Recovery
Litecoin was reaching higher highs almost every week. This was an extension of the moon Litecoin rally that started on December. This was due to the anticipation surrounding the Litecoin halving and other developments from the Litecoin foundation. The Litecoin price prediction 2019 has been positive since then but people want to know if this Litecoin rally will extend to the second quarter of 2019. Will Litecoin recover higher in Q2? Why is Litecoin going up? We all see in a short time.
What is Litecoin (LTC)?
The silver to Bitcoin’s gold, Litecoin is an open-sourced digital currency, blockchain based cryptocurrency, which allows nearly zero-cost payments all over the world.
It is fully decentralized. Litecoin ensures that all transactions not confined to a single server, and are available to everyone. Every information is stored in the ledgers and cannot be deleted or modified.
It was created by a Google employee, Charlie Lee. After a few failed at attempting to create cryptocurrencies, Lee came up with Litecoin, designing it to be a better version of Bitcoin.
It is dubbed the silver cryptocurrency, as compared to Bitcoin being the gold, due to its availability and lower prices.
How to buy Litecoin/How to purchase LTC
Other than mining, Litecoin can be bought using fiat currency on exchanges like Binance. It is most often exchanged with other cryptocurrencies such as Bitcoin, Ethereum, etc, on exchanges such as Bittrex, Cryptopia, OKEx, and more.
Litecoin, due to its similarity with Bitcoin, can be stored in all major wallets, who’ve supported it across the board. There are plenty of Litecoin wallets, such as a desktop LTC wallet (Electrum LTC), hardware wallets, which are in a USB Style (such as Trezor), and even paper wallets.
Android and iPhone wallets like Jaxx and Loafwallet can also be used for storing Litecoins. However, it is advised to not store large amounts of the cryptocurrency on mobile wallets.
Should I invest in Litecoin?
Litecoin is among the older and more stable cryptocurrencies in the market. Investors looking to enter Litecoin typically see the returns from the investment in both immediate and long-term, as Litecoin is the choice of cryptocurrency amongst those who perform a lot of transactions and wish to save on transaction costs. This means both new users will adopt it, while the long term future also looks bright. Source: Coinswitch
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