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? We will try to find answers to these questions.
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.
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 Price Analysis – Litecoin Price Prediction 2019
Litecoin (LTC) Price Today – LTC / USD
The price of Litecoin (LTC) recently made an attempt to break over the $85 resistance level. 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. Litecoin price is now recovering gradually, and it is now trading around the $77 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.
Litecoin (LTC) News – Litecoin’s Goal Is To Be Used For Payments
According to the news on the Forbes; the creator of Litecoin, Charlie Lee, has been shown at the Unchained podcast and talked about the Litecoin’s Future, Litecoin’s Goal, Litecoin transactions and how Litecoin is governed etc. You will find some notes from the podcast and you can listen to all podcast from Unchained.
Litecoin has the sixth-largest market cap of any cryptocurrency. But is it already successful?
Creator Charlie Lee says yes, especially considering that when he started it, he didn’t expect it to go anywhere and he even neglected to work on it for a few years. But he also admits that it hasn’t reached its goal yet. He pointed to payment success stories like Visa and Mastercard, on my podcast, Unchained and said:
“The general idea is just to have more and more places that you can spend Bitcoin and Litecoin. For it to be truly successful you have to be able to spend it anywhere,”
Then he continued with Litecoin mining:
“One of the things I saw It being was silver to Bitcoin’s gold. I’d seen throughout history people using more than one currency, in the case of gold and silver. I saw Litecoin being a cheaper version of Bitcoin where fees would be less and people could potentially use it for more things.”
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