Is This the Best Time to Invest in Litecoin (LTC)?

Looking for the best cryptocurrency to invest in 2019? Litecoin has been through thick and thin in the crypto space. It has survived the altcoin apocalypse and its true potential is now known by many digital asset investors. The price of Litecoin has shown the strong and fast recovery strength of Litecoin. Will Litecoin go back up? While Litecoin price is now heading for the short-term Litecoin price prediction 2019, the bullish Litecoin price forecast is still achievable this year. Litecoin USD live price has put up a very strong show recently, surging by more than 200%, and many now consider as one of the best cryptocurrency to invest in 2019.

The 2019 first quarter of Litecoin has been pretty good. The digital currency also started the second quarter in a fascinating way. At the moment, Litecoin is one of the best cryptocurrency to invest in 2019, and there are three major reasons why. The price of Litecoin can still amass massive gains this year, and here are the reasons why we believe so!

Litecoin (LTC) Price Today – LTC / USD

Name Price
litecoin
Litecoin
$71.83-4.05%

Litecoin Draws Inspiration from Bitcoin (BTC)

Bitcoin (BTC) has been a source of inspiration to the alternative coin market. Bitcoin (BTC), being the first and most dominant digital currency in the market, many digital currencies tends to follow its path. The price trend of Bitcoin often dictates the price trend of most altcoins in the market. Whenever Bitcoin price surges higher, most altcoins will follow suit. Litecoin refers to itself as a different kind of Bitcoin (BTC). Litecoin offers low transactions fees and faster transaction time, and this has increased its competition with the number one digital currency in the world.

Increased Interest among Digital Asset Investors and Financial Institutions

Over the past year, there has been an increased level of interest in Litecoin (LTC). Many digital asset investors are now interested in the digital currency. The price of Litecoin (LTC) and the bullish Litecoin price prediction 2019 now serves as a sweet savor that attracts people to the coin. Even centralized authorities, such as financial institutions and banks, are now picking interest in using the digital currency to facilitate transactions. Litecoin stands out when it comes to transaction speed, decentralized approach, and liquidity. As such, it stands a better chance of being adopted when more centralized institutions start adopting digital currency for everyday transactions. This will significantly impact the price of Litecoin. Hence, now is the best time to invest in Litecoin as it is currently one of the best cryptocurrency to invest in 2019.

Litecoin Boasts of high Liquidity

While Litecoin is not the number one digital currency by market cap, it boasts one of the highest use cases in the crypto space. Use case (utility) is one of the most crucial factors that contribute to the value of a digital currency. According to reports, Litecoin is presently oversold. This can result in panic buying if it’s true. Panic buying would result in a massive increase in the value of the coin, as its demand will be very high.

Will Litecoin go back up? The price of Litecoin (LTC) will definitely go back up. The digital currency has a lot going on for it. Analysts are also on one end dishing out bullish Litecoin price forecast 2019. Litecoin USD live price will recover immensely, and now is the best time to invest in the coin, as it is one of the best cryptocurrency to invest in 2019.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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