Litecoin news today – Litecoin, the digital silver, has done exceptionally well since the beginning of the year rising by more than 400% against the USD. Among other things, one of the main reasons why the price of Litecoin is rising is that the Litecoin halving event is causing a lot of anticipation that is propelling a bull run. Even if the price of Litecoin is up significantly from its crypto winter low, there is still room for more gains against the USD near-term. According to the Litecoin price prediction 2019 on CryptoNewz, the price of Litecoin will hit $150 after the Litecoin halving.
Litecoin Price Prediction 2019 – Litecoin Prediction 2019 – Litecoin News – Litecoin Halving
The next Litecoin halving is going to happen in 60 days from today. When it happens, the block reward miners get will be reduced to 12.5 from 25. This is a normal procedure that happens from time to time to control the number of coins in circulation. The Litecoin halving leads to a surge in the price of LTC because it increases scarcity. Yesterday, Litecoin surged from $102 to 116 within a few hours. This increase was evidence of buyer action. It showed that the buyers were ready to buy and hold. Another evidence is the Litecoin trade volume which moved to $7 billion from $5 billion within the day.
Litecoin (LTC) Price Today – LTC / USD
The Litecoin price prediction 2019 is extremely bullish but there is a price consolidation happening now. After this, the price of Litecoin will surge as high as $150 and may even hit $155. After the price of Litecoin reached its cryptocurrency winter bottom at $23, it started to surge steadily until it got to the $80 level. For months, Litecoin was unable to surge above $80 to the $100 level. It wasn’t until the cryptocurrency bull run in May that the price of Litecoin moved above $100 and found strong support above this level. As we established in our previous Litecoin price prediction 2019, this surge above $100 paved the way for more gains mid and long-term.
Litecoin Prediction 2019 – Litecoin Price Prediction 2019 – Litecoin News Today – Current Price Of Litecoin
At the time of writing, the price of Litecoin was $115.35. This means that it is down by 2.06% against the USD and up by 0.18% against the price of BTC. The trading volume over a 24 hour period is $4,596,942,726 and the market capitalization is $7,167,388,531. Over the last 30 days, Litecoin is up by 57.87%. Its market capitalization is also up by 56.95%.
Even if the price of Litecoin is currently in red, there is a strong momentum from the bulls that is building up. Before the end of 2019, the price of Litecoin may move as high as $200. After the Litecoin halving, LTC may touch $150. So, this may not be the best time to sell your Litecoin holdings. Wait until after the Litecoin halving before making any rash moves.
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