Litecoin Will Target $110 – $120 After Resistance At $95 Is Crossed Successfully

Litecoin price prediction 2019 has been mainly influenced by the recent developments on the Litecoin network and the upcoming Litecoin halving that is scheduled to take place soon. Litecoin is one of the cryptocurrencies that people forgot about during the cryptocurrency winter when the price of Litecoin fell as low as $20. Since then, however, the price of Litecoin has been increasing steadily against the USD. The silver to Bitcoin’s gold has shown that it is here to stay and that it has a strong community backing it. It has risen by more than 200% since December. Right now, it is recovering from the recent bear pressure that took the prices of all the cryptocurrencies lower against the USD. On several occasions, the $100 level has acted as resistance against upward movements. According to the Litecoin price analysis on Bitcoin Exchange Guide, there is a new resistance at $95 and crossing this resistance will pave a way for more gains against the USD.

Litecoin News Today – Litecoin Price Prediction 2019 – Litecoin To Hit $120 Soon

Short-term, the bulls are starting to gather momentum against the USD. Litecoin (LTC) price is looking up. The analyst said that if the price of Litecoin is able to move above the resistance at $95, it will rise as high as $110 and even $120. On the other hand, if the price of Litecoin falls lower, it would risk falling below the $60 and $65 levels. The bears have formed resistances at $80, $90, $100. However, the bulls have formed strong support at $50, $60, and $70.

During the Bitcoin bull rally earlier in the month, Litecoin and Bitcoin Cash led the altcoins to victory. Even when the price of Bitcoin started correcting lower, LTC and BCH were still soaring higher. On the 6th of April, the price of LTC reached a yearly high of $98.80 and found support at the $95 level. After a while, the price started falling lower until it broke the 12 day EMA and even lower to the 26 day EMA. The Litecoin price signal line as well as the MACD line are above the zero line. This shows that the buyers are in control of the market. Another evidence of the bullish pressure is that the price is above the 12 day EMA and the 26 day EMA.

Litecoin News Today – Litecoin Price Prediction 2019 – Current Price Of LTC

At the time of writing, the price of LTC was $79.17. This shows that it is up by 1.09% against the USD and up by 0.26% against the price of BTC. The trading volume over a 24 hour period is $2,607,300,288 and the market capitalization is $4,854,373,011. The entire market is just trying to recover after the price correction.

Bitcoin is trading at $5,077.16. This shows that it is up by 0.44% against the USD. The trading volume over a 24 hour period is $11,850,286,121 and the market capitalization is $89,577,612,627. The price of Bitcoin had initially moved above the $5100 level this morning before the bulls started running out of steam. The next few trading sessions will determine if the price action is going to change or not.

What do you think about the Litecoin price prediction in Litecoin news today? Share your thoughts 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.

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