Litecoin Price Shows No Sign of Slowing Down As It Heads For the $150 Mark

The digital currency market is currently favoring a lot of digital asset investors, especially those that took the chance to invest in the best cryptocurrencies to invest in earlier this year. So far this year, Litecoin (LTC) is one of the highest gainers. The price of Litecoin has surged significantly, breaking over some long-term resistance level and Litecoin price prediction 2019. Litecoin is one of the most attractive blockchain projects in the crypto space. The developments, optimistic Litecoin news, and Litecoin price forecast have attracted many to the project. A lot of firms and organizations have even partnered with the blockchain project to utilize its underlying technology.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$55.11-3.29%

May Has Been a Great Month for Litecoin – Litecoin Is Set to Continue Its Gains in June – How Far Can the Price of Litecoin Go?

The founder of Litecoin and the team behind the project have been very optimistic about the project since the beginning of this year. The Litecoin Foundation has been talking about the on-chain metrics becoming flat line since this year started. This has resulted in user interest and support for the digital asset investors to keep floating their capital in cryptocurrency. This month seems to be a tremendous one for Litecoin. The digital currency has gained a lot of support and interest this month.

The beginning of this month was indeed a fascinating one, as the price of Litecoin (LTC) soared significantly higher. The growth of LTC USD price was noticed on the charts and board. With more bullish sentiments, Litecoin news, partnerships, and LTC price forecast, the price of Litecoin will continue to surge higher. Litecoin is not the only digital currency enjoying these gains in the market. Bitcoin (BTC) – the world’s most dominant digital currency – is also at the forefront of the lead. The $9k level is now the major barrier for Bitcoin. However, many analysts have predicted that the price of Bitcoin (BTC) will break over the $9k in the short-term. A break over this level will pave the way for more gains towards the $10k level, which is some proponent’s Bitcoin price prediction 2019.

Over the past day, some of the top gainers in the market are XRP, which is heading for the 50 cents level, Bitcoin Cash (11%), Cardano (ADA) (9%), Binance Coin (8%), and IOTA (MIOTA) (14%). The highest so far is Bitcoin SV, with an increase of almost 100% over the past day.

Litecoin Price Analysis – Litecoin Price Prediction 2019 – Litecoin Price Forecast – Litecoin News Today – LTC USD Live Price

Litecoin recently amassed enough momentum and broke over the $100 level. The break over that level signaled the start of an alt-season. The price of Litecoin continued to surge higher and broke over the $115 resistance level. LTC price was heading for the $120 resistance level, but it was stopped at the $118 level. With $118 acting as resistance, the price of LTC plunged and tested the $110 mark yesterday.

However, the digital currency is now back on its feet as it is now up by over five percent. Litecoin is now trading at $118, which was its resistance level yesterday. The digital currency is now supported at the $115 mark. On the upside, the immediate resistance is at the $125 level. A break over this level will pave the way for more gains towards the $140 and $150 levels.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.