Litecoin (LTC) Price Attracts More Digital Asset Investors as It Heads for the $90 Mark

The recent price trend of Litecoin (LTC) has been very impressive. The last two months have been glorious for Litecoin. Over the past month, the price of Litecoin has surged significantly according to data from CoinMarketCap. Thanks to the bullish Litecoin news today, more digital asset investors are now seeing Litecoin as one of the best cryptocurrency to invest in 2019. While the bulls have slowed down, the price of Litecoin is pretty short-term Litecoin price prediction 2019. The short-term Litecoin price forecast is $100. Litecoin USD live price surged toward that level recently but later plunged below the $80 level. However, the price of Litecoin is now heading towards the $90 mark again.

Litecoin Price Charts

Litecoin (LTC) Price Today – LTC / USD

Name Price
litecoin
Litecoin
$71.83-4.05%

From the Litecoin chart above from CoinMarketCap, you can clearly see the level of progress the digital currency has made over the past month. Litecoin price started the year around the $30 level. While the price of Litecoin didn’t grow that much in January and February, Litecoin USD live price today has grown by more than 250 percent. The major gains of the coin started on the 1st of April when it was still trading around the $40 cents level.

Why Are More Digital Asset Investors Acquiring More Litecoin (LTC)? – Best Cryptocurrency to Invest in 2019

Recently, there was a significant increase in the daily trading volume of Litecoin (LTC). So far this year, Litecoin (LTC) has recorded its highest trading volumes in this month. The market cap of the digital currency also soared significantly. From the data gotten from coinmarketcap.com, the market cap of Litecoin (LTC) moved from around $3.6 billion to over $5 billion, an increase of more than 60 percent in about two weeks.

The increase in the daily trading volume shows that more digital asset investors are acquiring more LTC tokens. This is probably because they don’t want to miss out on the next massive crypto bull run. The fear of missing out (FOMO) is probably what is attracting them. Litecoin is one digital currency with a lot of potentials. The potential to surge significantly, even in surge a bearish market, is what many digital asset investors are looking for. The team behind the coin is also at the top of their game, and they have been working towards the mainstream adoption of the coin. Will Litecoin recover? What is Litecoin price forecast? With the bullish Litecoin news today and Litecoin price prediction 2019, the price of Litecoin will recover significantly in the short-term.

Litecoin Price Analysis – What Is Litecoin Price Prediction 2019?

The price of Litecoin recently dipped towards the $75 support level. The digital currency later gained traction and surged toward the $80 mark. The bulls were strong enough to push the value of Litecoin over the $80 and $82 resistance levels. The price of Litecoin surged towards the $85 hurdle point. However, further gains were prevented on the upside and the digital currency settled close to the $84 level before it started correcting lower.

Litecoin price plunged towards the $82 level and was supported on the downside at the $80 level. At the moment, the immediate resistance of the coin is at the $84 level. Litecoin price today is gradually surging higher, and a break over the $84 level will pave the way for more gains towards the $90 level. This will lead the way toward the short-term Litecoin price prediction 2019.

 

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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