Safesignal recent compared the price action of Litecoin in 2015 and in 2019. The last halving of Litecoin saw the price of Litecoin surge by 593 percent. The price of Litecoin started increasing 46 days to the halving date. Will that same trend be seen this year? Will Litecoin recover towards its all-time high? What is Litecoin price prediction after Litecoin halving in August?
Litecoin halving is just a few months away, and the price of Litecoin is already over the $90 mark. If the forthcoming halvening really has an impact on the price of Litecoin, chances are digital asset investors will multiply their profits. The price of Litecoin (LTC) is expected to test new highs by the first week of July and the end of June. The halving bull run in 2015 peaked on the 10th of July, so around this period, the price of Litecoin is expected to skyrocket.
Litecoin Price Prediction
Litecoin (LTC) Price Today – LTC / USD
The price of Litecoin (LTC) is on an upward trend. The digital currency is currently trading in the green, and it looks set to test the Litecoin price prediction of $100. Litecoin price prediction 2019 is very bullish. However, no technical analysis is 100 percent sure when it comes to digital currency price predictions. But predictions usually increases the chances of successful trading, and Litecoin price prediction has attracted a lot of digital asset investors to the coin. The crypto market is on massive price recovery, and almost all digital currencies are carried along in this recovery.
Litecoin has been able to stabilize over the $70 mark. The digital currency has been able to hold gains over that level for quite some time. The stability of the coin confirms the clear formation of clean bull flags on the upside. The recent price trend of Bitcoin (BTC), Litecoin (LTC), and other digital currencies in the market shows that the bulls are here. A lot of digital asset investors are hoping for Litecoin halvening. The halvening of Litecoin takes place after every 840,000 blocks; this usually takes about four years to happen.
The event will reduce the supply of Litecoin and increase the demand for the coin. If this happens, the price of Litecoin will likely surge by 100, 200, or 500 percent by August this year.
Litecoin News Today – Litecoin Listed in Germany’s Second-Largest Stock Exchange
According to the latest cryptocurrency news on Cointelegraph, Börse Stuttgart (SWB), the second-largest stock exchange in Germany, has listed two crypto exchange-traded notes (ETNs).
Based on two major cryptocurrencies, XRP and Litecoin (LTC), and issued through XBT Provider, the ETNs can now be traded against the Swedish krona (SEK) and euro (EUR) on Börse Stuttgart, Europe’s tenth-largest exchange, the announcement says.
Recently, the world’s second-largest stock exchange Nasdaq was rumored to test trading of a bitcoin (BTC)-based product. Previously, the exchange confirmed its plans to launch bitcoin futures in the first half of 2019.
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