When it comes to cryptocurrency news, everyday is different. With price analysis, however, we can make short-term price predictions based on past and recent events. After the Bitcoin Cash hard fork war, many people believed that Bitcoin Cash was dead with no hopes of recovery. Litecoin also suffered a blow last year as it fell as low as $23 after the Bitcoin Cash hard fork war. So, you can imagine how excited the Bitcoin Cash and Litecoin communities were when they saw the price of both cryptocurrencies recovering against the USD and holding the cryptocurrency market together even after the Bitcoin bull run. Now, people are searching for the reasons behind the moon Bitcoin Cash rally as it is being called.
Litecoin Price Prediction: Moon Bitcoin Cash Rally And Litecoin Price Pump Hold Cryptocurrency Market
In the cryptocurrency market, a major price pump is typically followed by a pullback which is essential for the bulls to gather momentum after running out of steam. Three days ago, the price of Bitcoin and every other cryptocurrency started recovering against the USD. This was followed by a minor pullback and another push upward that solidified the price of Bitcoin above $5,000.
Bitcoin Cash (BCH) Price Today – BCH / USD
All cryptocurrencies enjoyed the Bitcoin bull run. However, Bitcoin’s baby brother, Bitcoin Cash, outperformed the entire market gaining more that 50% within a brief period. The moon Bitcoin Cash rally was exceptional as it took the price of BCH above $300. This is a level it hasn’t come near since the Bitcoin Cash hard fork war. At the time of writing, the price of Bitcoin Cash (BCH) on Coinmarketcap.com was $298.08. It is correcting lower after hitting $310 according to the price analysis on NewsBtc. This means it is up by 14.43% against the USD and up by 13.38% against BTC. The trading volume over a 24 hour period is $3,905,209,831 and the market capitalization is $5,278,870,558. The Moon Bitcoin Cash rally is outperforming BTC by 13.38%. This is impressive. If the moon Bitcoin Cash rally continues to, it will hit $300 again and aim for $350 short-term.
Litecoin Price Prediction 2019: Will Litecoin Recover? Will Litecoin Go Back Up?
Litecoin has done well during the bull market. Even as the market is currently pulling back, LTC is trading in green against the USD and BTC. The price of Litecoin at the time of writing is $86.30. This shows that it is up by 5.68% against the USD and up by 4.87%. The trading volume over a 24 hour period is $5,822,933,549 and the market capitalization is $5,280,904,794. Litecoin was struggling to hold above $60 a few days ago. So, it’s impressive that it is has gained over $20 within a short-time. This supports all our previous positive Litecoin price predictions. If Litecoin continues to surge, it will hit $100 in the next few trading sections.
Litecoin (LTC) Price Today – LTC / USD
The two altcoins moon Bitcoin Cash and Litecoin are dominating the altcoin rally and outperforming the flagship cryptocurrency, BTC. It’s not clear why Bitcoin Cash and Litecoin are outperforming the market but it is encouraging to members of both communities. The pullback is expected to stop soon and cryptocurrency prices are going to move higher again.
What do you think about the moon Bitcoin Cash rally? Will the $100 Litecoin prediction 2019 happen this week? Share your thoughts about the cryptocurrency news today in the comment section.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.