Litecoin Up By 416%, CNBC Host Says This Is The Best Time To Buy LTC As A Surge By 130% Is Coming Soon

Litecoin News Today – Last year, many investors gave up on Litecoin when the price started declining faster than almost every other cryptocurrency in the market. Per our Litecoin news at the time, this significant decline in the price of Litecoin was due to a combination of factors. It hit a low of $22.93 from its all-time high and many analysts were certain that Litecoin would never recover. After hitting the low, it started rising slowly against the USD. The price of Litecoin managed to rise above to the three-figure ranks again. Today, Litecoin is up by 416% from its crypto winter low and this is just the beginning according to the Litecoin news on CCN. The Litecoin halving is one among many factors that are contributing to a rise in the price of LTC.

Litecoin prediction 2019: Litecoin Price Prediction 2019 – Litecoin Bull Run Is Just Beginning – Buy Litecoin Now Expert Says

Ever since the cryptocurrency bull run started with Bitcoin taking the lead, experts have been weighing in on what the price action means and what traders should do about it. Speaking on CNBC’s Fast Money, experts talked about the parabolic bull run of Bitcoin, and Litecoin over the last few weeks. As the show ended, the host screamed; “Sell the house, sell the car, sell the kids. Buy litecoin!”

While the anchor was just joking, the point he was trying to drive home is that Litecoin is up by 416% from its crypto winter low. The parabolic bull is rather impressive. One of the reasons why the price of Litecoin has risen significantly is that the onchain metrics on the Litecoin blockchain has increased over the last few months. Apart from this, more Litecoin addresses have been activated and many public figures have endorsed it. The primary reason why all these things have happened is that the investors are anticipating a significant surge in the price of Litecoin after the Litecoin halving. So, everyone wants a piece of the action and this has increased the buy pressure of Litecoin.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$45.91

While almost everyone else is encouraging investors to buy and hold LTC, Franklyn Richards, a director at the Litecoin Foundation, has asked investors not to be too excited about the Litecoin price recovery as there is a high chance that LTC will enter a bubble. In his words;

“Price has by far and away ran away from any on-chain metrics, meaning while this growth is positive it is not currently sustainable and we could see a pullback. Otherwise, we may risk finding ourselves in another bubble scenario sooner than we realize.”

Litecoin Prediction 2019: Litecoin Price Prediction 2019 – Litecoin News Today – Current Price Of Litecoin

At the time of writing, the price of Litecoin LTC was $116.88. This means that it is up by 2.28% against the USD and up by 2.21% against the BTC. The trading volume over a 24 hour period is $3,949,464,620 and the market capitalization is $7,245,002,430. The price of Litecoin may be up by 416% against the USD but this is just the beginning. Before the Litecoin halving event scheduled for August, the price of LTC will rise by another 130% according to a CCN analyst.

What do you think about the Litecoin price prediction 2019, Litecoin prediction 2019 in our Litecoin news today? Share your thoughts about the current price action of Litecoin below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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