Litecoin Price Analysis Reveals Upside Break Above $85 – $88, Litecoin Bull Run Is Imminent

Litecoin, the silver to Bitcoin’s gold spent almost the entire 2018 moving lower against the USD. The price of LTC fell from above $200 to as low as $20 during the cryptocurrency winter. However, since December 2018, the Litecoin prediction has changed for the better. The price of Litecoin has moved higher and higher against the USD crossing above $93 but unable to hit the $100 level. For the past seven days, however, the Litecoin price prediction 2019 has been neither positive or negative. Short-term, the price of the LTC token was moving lower along with Bitcoin and other cryptocurrencies in the market. However, this was followed by a recovery which took the price higher after it tested the support at $75.00. According to a Litecoin technical analysis and Litecoin price prediction 2019 on Blocknomi, the price of Litecoin will most likely test $85.00 soon.

Litecoin Prediction 2019 – moon Litecoin Price Prediction 2019 – Can Litecoin Move As High As $85 Short-term?

During the recent bear market, the price of Litecoin fell as low as $74.11 losing the support at $75. However, it quickly rebounded and moved as high as $76.00. At the time of writing, the price of Litecoin was dip in red against the USD and Bitcoin at $72.98. This means that it is down by 7.58% against the USD and down by 6.57% against the price of Bitcoin. The trading volume over a 24 hour period is $2,984,657,168 and the market capitalization is $4,486,841,004. It fell from the $76 level to the $72 level within a short period.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$54.502.55%

Right now, the price of Litecoin is inside a contracting triangle. It has resistance at $76 and $7.9 89. As soon as the bears leave the market, the bulls will have the chance to take the price of Litecoin up across these resistance levels. In the next two to three bull runs, we should expect to see a surge as high as $80 and higher. This would be followed by a surge to $85 and eventually $88. This Litecoin prediction 2019 might appear like a stretch considering the current price action. However, it is important to note that the digital silver isn’t the only altcoin that is currently losing grounds against the USD and Bitcoin.

Litecoin Price Prediction 2019 – Litecoin Price Forecast – Litecoin News Today – Litecoin To USD Technical Analysis

Yesterday, the price of Litecoin, Cardano, EOS, Bitcoin Cash and Ethereum surged higher against the USD. Unfortunately, the bulls were unable to maintain their momentum in the market near-term. Litecoin hit the $78 level yesterday but started falling before the end of trading. Since the price of Litecoin has broken above the 23.6% Fibonacci retracement level of the last $85.31 to $74.11 decline, an eventual rise to $79.00, $80.00 and $90.00 is imminent.

If the price of Litecoin can successfully clear the descending triangle and the resistance at $80, the gains will extend towards $85 and $90. However, the current price action of the entire altcoin market is not encouraging. Litecoin news alone isn’t enough to propel the price. The wider market would need to recover before the price of Litecoin would spike higher against the USD.

What do you think about the Litecoin prediction in the Litecoin news today? Will the price of LTC be able to gather enough momentum to move above $85 near-term? Share your thoughts in the comment section 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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