Throughout the first quarter of the year, the price of Litecoin (LTC) was bullish against the USD. 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?
Litecoin Price Prediction 2019: Litecoin News Today – Litecoin Halving And Litecoin Recovery
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 isn’t just positive fundamentally, it is also positive technically as well. Since the price of Litecoin started following the yellow line per Bitcoin Exchange Guide, it has been moving upward against the USD. 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
At the time of writing, LTC was trading at $87.12. This shows that it is down by 0.80% against the USD and down by 1.13% against BTC. The trading volume over a 24 hour period is $3,103,274,285 and the market capitalization is $5,333,538,068. 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 pave 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.
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 resistances 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.
What do you think about the Litecoin price prediction 2019? Will Litecoin recover higher to $150 this month? Share your thoughts in the comment section below.