Litecoin Price Unable To Break The $82 Resistant, Will Litecoin Recover Above $100 Again?

Traders have been searching for the digital silver spot price since the end of last year when the price of Litecoin (LTC) hit bottom and became extremely bullish against the USD. Even if some traders had given up on Litecoin, the Litecoin price prediction 2019 suddenly became bullish with Litecoin price analysis placing the price of the altcoin higher by more than 200%. The Litecoin halving and the upcoming Litecoin upgrade along with the positive sentiment in the market all contributed to making the Litecoin prediction 2019 positive. However, when the market correction started last week, the Litecoin price fell along with Bitcoin and other cryptocurrencies in the market. It wasn’t until yesterday that the market started recording gains again.

Litecoin Price Prediction 2019 – Spot Silver Price – Litecoin 2019 Price Prediction – Litecoin Records Gains But It Faces Resistance At $82

This morning, the price of Litecoin struggled to break the resistance at $82 but there wasn’t enough momentum. After the price of Litecoin crossed $96 and started moving higher against the USD, everyone expected it to reach $100 and eventually aim for higher highs. However, the bulls seem to have run out of steam after rallying for months. The only way for the price of Litecoin to move higher significantly is if this resistance is crossed. There are support levels at $66, $68, and $70 according to the Litecoin price analysis on Bitcoin Exchange guide. There are also resistance levels at $86, $84, and $82.

If the price of Litecoin should take another dip against the USD, it will test the support at $70 short-term. Moving higher will eventually take the price of Litecoin to $100. Ever since the price of Litecoin touched $96 and started correcting lower, it has been unable to retest that level. A few days ago, it tested the resistance at $84 but the bears pulled the price back against the USD.

Signal line and the MACD line are below the zero line. This shows that the sellers have some control of the market. On the other hand, the EMAs are below the current price and this is a bullish sign. So, we should expect a breakout or a breakthrough

Litecoin 2019 Price Prediction – Litecoin Price Prediction 2019 – Current Price Of Litecoin

At the time of writing, Litecoin was trading at $80.53. This shows that it up by 1.35% against the USD and up by 0.66% against BTC. The trading volume over a 24 hour period is $2,309,164,788 and the market capitalization is $4,944,040,426. The trend is bearish short-term but this doesn’t mean there is no hope long-term. The market appears to be recovering at the moment. Hopefully, the momentum would be enough to take the price above the resistance at $82 and pave a way for more gains.

Litecoin (LTC) Price Today – LTC / USD

Name Price
litecoin
Litecoin
$68.59-0.27%

Long-term, the technicals and fundamentals for Litecoin are still strong. Traders are still looking out for the digital silver spot price. Before the upcoming Litecoin halving, more gains are expected and the price of Litecoin will still keep rising after the Litecoin halving event. The bulls aren’t completely out of the game yet so the Litecoin price prediction 2019 is still bullish.

What do you think about the Litecoin price prediction 2019? Will Litecoin recover because of the Litecoin halving? Share your comments below.

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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