Litecoin (LTC) Price To Reach $124 By May According To Analyst

Litecoin has been able to maintain a position in the top ten list on CoinMarketCap. During the cryptocurrency winter, Litecoin was hit hard and it fell significantly against the USD. Even if the price fell last year, Litecoin price prediction 2019 has been positive since the beginning of the year as the silver to Bitcoin’s gold has surged by almost 100% since the beginning of the year. What is the Litecoin price today and why is Litecoin rising?

Litecoin Price Prediction 2019: Litecoin Price Today

According to the price analysis of Alexander Fred on beincrypto.com, there are many fundamentals and technicals that point to an upcoming surge in the price of LTC. For starters, the Litecoin price prediction 2019 will be significantly influenced by the numerous amazing partnerships the Litecoin Foundation has sealed and is planning to seal.

Apart from these partnerships, the Litecoin Foundation is also working on integrating the Mimblewimble privacy protocol into the Litecoin network. If this happens, LTC will become unstoppable. Imagine having the same functionalities as Bitcoin but also being a privacy coin. This update will increase the adoption of Litecoin along with the price.

Apart from the integration of the Mimblewimble privacy protocol, Litecoin halving is coming up soon. History has shown that the price of cryptocurrencies typically surges months ahead of the halving. This may be part of the reasons why the Litecoin price has been rising steadily since December. The Litecoin halving is scheduled to take place in August this year. When it happens, the reward for miners will be reduced from 25 to 12.5.

The Litecoin price prediction 2019, according to the analyst is $124. Fred made reference to many points to support his claims. This can be found in the article on beincrypto.com. The summary of the Litecoin price prediction 2019, however, is that by May 2019, the price of LTC will hit $124. However, he also predicted that a market correction will occur and take the price of LTC down to $70 by December 2019.

Litecoin (LTC) Price Today – LTC / USD

Name Price24H (%)
Litecoin (LTC)
$74.11
3.41%

While the Litecoin price prediction 2019 by this analyst is in debt, is important to note that the cryptocurrency market isn’t entirely predictable. Anything can happen within the next few months. So, if you’re going to invest in Litecoin based on this Litecoin price prediction 2019, remember that trading cryptocurrencies are high risk, high reward and speculative.

Litecoin Price Prediction 2019: Litecoin Price Today

At the time of writing, Litecoin (LTC) was trading at $60.39. This means that it is down by 0.90% against the USD and down by 0.90% against BTC. The trading volume over a 24 hour period is $2,093,306,205 and the market capitalization is $3,685,309,506. While it is currently red, the long-term outlook is bullish against the USD. 

What do you think about the Litecoin price prediction 2019 and the Litecoin price today? Share your thoughts in the comment section.

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