Despite the plunge in the price of Litecoin (LTC) over the past few days, the digital currency has been very fruitful over the past few months. Over the past three months, the price of Litecoin has increased significantly. Litecoin price has surged by more than 150 percent over the past 90 days. LTC USD price is now down in the red along with other digital currencies in the market.
Litecoin is considered one of the best cryptocurrency to invest in 2019 by many digital asset investors due to the recent price trend of the coin. The Litecoin price prediction 2019 is bullish and the digital currency has portrayed its great potential to recover enormously. Will Litecoin go back up? What is Litecoin price forecast? Litecoin price prediction 2019.
Litecoin (LTC) Price Today – LTC / USD
Litecoin Price Analysis – Litecoin Price Prediction 2019 – Litecoin Price Forecast – Litecoin USD Live Price
There is an ongoing correction in the digital currency market. All the top digital currencies in the market are now in red. Bitcoin USD price, Ethereum USD price, XRP USD price, Bitcoin Cash price, and more are all down against the USD. Litecoin USD price broke below the $75 major support level before, pushing the digital currency into the bearish territory. The price of Litecoin broke below the $74 and $72 support levels and headed for the $70 support level.
The $70 level wasn’t able to prevent further declines and LTC price plunged below $70 and formed a new weekly low at $68. At the moment, the price of Litecoin is consolidating higher. The digital currency just broke over the $70 resistance level and it is now trading around the $73 level. On the upside, the immediate hurdle of the coin is at the $75 level. After that level, the next resistance is at the $78 level. A break over these levels will push LTC USD live price over the $80 level.
Litecoin Price Prediction 2019 – Factors that Can Drive Litecoin Price to New Highs
Litecoin (LTC) is one digital currency with a lot of potentials. Many digital asset investors and traders so much believe in the coin. Can the price of Litecoin hit the $100 level before the end of the second quarter of this year? Litecoin has a lot of factors around it that could significantly boost its price.
At the moment, Litecoin and Beam are experimenting how to implement MimbleWimble on the blockchain of Litecoin through Extension Blocks. Beam announced the partnership between them and Litecoin about two months ago via a blog post. The implementation of MimbleWimble will add a much-needed privacy layer to the blockchain of Litecoin. With an increased level of privacy, more digital asset investors will be attracted to Litecoin. This would significantly boost the price of Litecoin.
Another major factor that can cause a massive spike in the price of LTC is the forthcoming block halving. This is a much-anticipated development update and it is set to take place in August. Despite the fact that the update is a few months away, the excitement about the halving is acting as bulls for Litecoin. Many digital asset investors, traders, and analysts believe that the price of Litecoin will skyrocket after this halving. As such, most of them are starting to acquire more Litecoin tokens, which would eventually result in higher demand for the coin and an increase in its price. Our short-term Litecoin price prediction 2019 is $100. Can Litecoin price hit that level before the end of Q2 2019?