The price of Litecoin (LTC) is on an upward trend. The digital currency is currently trading in the green, and it looks set to test the Litecoin price prediction of $100. Litecoin price prediction 2019 is very bullish. However, no technical analysis is 100 percent sure when it comes to digital currency price predictions. But predictions usually increases the chances of successful trading, and Litecoin price prediction has attracted a lot of digital asset investors to the coin. The crypto market is on massive price recovery, and almost all digital currencies are carried along in this recovery.
The price of Bitcoin (BTC) is soaring higher, and it is now trading around the $7,500 mark. Ethereum (ETH) just broke over the $200 level, which is the short-term Ethereum price prediction 2019. The digital currency is now trading over the $200 mark after an increase of more than 14 percent over the past day. Over the past twenty-four hours, the price of Litecoin is up by more than 18 percent, bringing the price of the digital currency close to the $100 mark.
Litecoin Last Halving Saw LTC Price Rise By 593% – Will This Trend Repeat Itself After the Halving in August?
Safesignal recent compared the price action of Litecoin in 2015 and in 2019. The last halving of Litecoin saw the price of Litecoin surge by 593 percent. The price of Litecoin started increasing 46 days to the halving date. Will that same trend be seen this year? Will Litecoin recover towards its all-time high? What is Litecoin price prediction after Litecoin halving in August?
Litecoin halving is just a few months away, and the price of Litecoin is already over the $90 mark. If the forthcoming halvening really has an impact on the price of Litecoin, chances are digital asset investors will multiply their profits. The price of Litecoin (LTC) is expected to test new highs by the first week of July and the end of June. The halving bull run in 2015 peaked on the 10th of July, so around this period, the price of Litecoin is expected to skyrocket.
Litecoin Has Formed a Clean Bullish Trend – How Far Can LTC USD Price Go?
Litecoin has been able to stabilize over the $70 mark. The digital currency has been able to hold gains over that level for quite some time. The stability of the coin confirms the clear formation of clean bull flags on the upside. The recent price trend of Bitcoin (BTC), Litecoin (LTC), and other digital currencies in the market shows that the bulls are here. A lot of digital asset investors are hoping for Litecoin halvening. The halvening of Litecoin takes place after every 840,000 blocks; this usually takes about four years to happen.
The event will reduce the supply of Litecoin and increase the demand for the coin. If this happens, the price of Litecoin will likely surge by 100, 200, or 500 percent by August this year.
Litecoin (LTC) Price Today – LTC / USD
At the press time, the LTC USD price today is $93 after an increase of more than 18 percent over the past twenty-four hours. The current market cap of the digital currency is $5.75 billion. The trading volume of Litecoin over the past day is $7.06 billion.