The digital currency space boosts of more than 2,000 cryptocurrencies, according to coinmarketcap.com. However, some seem to outperform others. While many have come and gone, some have remained strong in the crypto space since their emergence. Many digital currencies present great investment opportunities for digital asset investors out there, and they are in the fight to emerge as the best cryptocurrency 2019.
Litecoin (LTC), which is the sixth largest digital currency by market cap, is one of the best cryptocurrency to invest in 2019. The price of Litecoin over the past few months has been great. There are bullish Litecoin price prediction 2019 out there, providing more bullish sentiments for the coin. What is Litecoin price forecast? Will Litecoin recover?
Does Litecoin Have What It Takes to Attain the Short-Term Litecoin Price Prediction 2019?
The price of Litecoin has put up a pretty amazing show over the past two months. While many are asking about the potential recovery of Litecoin and if the market has bottomed yet, Litecoin price has been posting steady gains. According to some analysts, the crypto market has bottomed, and the bears are losing their grip. While many find this hard to believe, the recent crypto bull run that saw Bitcoin price over the $5k level left many convinced.
Litecoin (LTC) Price Today – LTC / USD
In the course of the bull run, many altcoins posted massive gains and showed a strong level of dominance. Bitcoin dominance even reduced to about 50 percent as a result of this. The price of Litecoin has surged by almost 300 percent so far this year. Making it one of the best cryptocurrency to invest in 2019. With the bullish Litecoin news today, developments, partnerships, and Litecoin price prediction 2019, the price of Litecoin might hit the $100 level before the end of this year. The $100 level is our short-term Litecoin price forecast. Litecoin price has made several attempts towards that level but failed. Will Litecoin recover? The recovery of Litecoin is imminent, but it needs a little push (bullish momentum).
Litecoin Price Analysis – Will Litecoin Recover? What Is Litecoin Price Prediction 2019?
The price of Litecoin (LTC) recently made an attempt to break over the $85 resistance level. Nevertheless, the bulls were not strong enough to provide the digital currency all the support it needs. The price of Litecoin later declined and fell towards the $74 support area. From the four-hour Litecoin daily chart, the price of LTC formed a swing high close to the $84 level before it plunged below the $80 mark.
The price of Litecoin continued its downward trend and plunged below the $75 support zone. LTC price even traded as low as $73. The price of Litecoin (LTC) is currently in the red and it was recently over the 23.6 percent Fibonacci retracement level of the previous swing from the high of $84 to the low of $73. Will Litecoin recover? Litecoin price is now recovering gradually, and it is now trading around the $76 level. At the moment, the immediate support of the coin is at the $74 level.
On the upside, the immediate resistance of Litecoin is at the $80 level. The next hurdle after that level is the $85 resistance level. A beak over this level will pave the way for more gains over the $90 level and towards $100. If Litecoin price amasses enough bullish momentum, then the short-term Litecoin price prediction 2019 will likely be attained before the end of this month.