Cryptocurrency Market Update – For many months, XRP has maintained its position as the third largest cryptocurrency per market capitalization. Litecoin has moved around the top ten during the same period. Thanks to the Litecoin halving event which is scheduled to happen soon, Litecoin may have what it takes to surge high enough to overtake XRP on CoinMarketCap according to a cryptocurrency market prediction by an expert on CryptoSlate. Will XRP lose its place to Litecoin or is the Litecoin halving event overhyped?
Cryptocurrency Market Update – XRP Vs LTC – XRP News – Litecoin News – XRP Price Prediction 2019 – Litecoin Price Prediction 2019
In our XRP news yesterday, we talked about how XRP was struggling to retest the resistance at $0.40. Unfortunately, even when the rest of the altcoin market was recovering, XRP was recording little to no gains altogether. Even with all the good XRP news and Ripple news, XRP is still struggling to record gains at the same pace as other altcoins. Meanwhile, Litecoin has increased by more than 480% from its crypto winter low and is expected to move by another 130% before the Litecoin halving event. If this happens, and XRP doesn’t pick up the pace, there is a high chance that XRP will lose its place to Litecoin per market capitalization.
Litecoin (LTC) Price Today – LTC / USD
The Litecoin halving event is going to happen in about 55 days when the Litecoin ledger gets to block 1,680,000. The Litecoin halving is going to reduce the block reward miners get from 25 to 12.5. This is going to increase Litecoin scarcity and, in extension, increase the price. Litecoin traders want to buy as much as they can before this happens so that they can benefit from this price surge after the halving event. This is the main reason for the surge in price.
Litecoin News Today – XRP News Today – Current Price Of Litecoin – Current Price Of XRP – XRP Vs LTC
At the time of writing, the price of Litecoin was $138.85. This means that it is up by 7.90% against the USD and up by 7.33% against the BTC. The trading volume over a 24 hour period is $5,768,350,524 and the market capitalization is $8,634,534,126. Right now, LTC is the best performing altcoin out of the top five and it’s most likely going to continue trading in green throughout the day. There is a high chance that Litecoin will hit $150 near-term if the bulls continue to dominate the market.
XRP, on the other hand, has still not been able to move above the $0.40 level. It is currently trading at $0.395673. This means that it is up by just 0.27% against the USD and down by 0.48% against the BTC. The trading volume over a 24 hour period is $1,161,848,430 and the market capitalization is $16,712,796,483. The poor performance of XRP amid an altcoin market recovery isn’t a surprise considering the fact that it has been trading as a lone wolf since the beginning of the year.
In your opinion, will Litecoin take over XRP and claim the 3rd position on Coinmarketcap.com before August? Share your thoughts in the comment section below.