The performance in the digital currency market this year seems to be better than last year’s. The beginning of last year was pretty bloody, as all the digital currency in the market were on a continuous decline until the end of the year. The price of Bitcoin (BTC), which was close to the $20k level, plunged heavily and lost more than 70 percent its value. Other digital currencies lost as much as 90 percent of their values. All these massive plunges occurred even in the midst of bullish cryptocurrency news.
However, this year has proven to be quite different as digital currencies are benefiting more, compared to last year. Most digital currencies started this year pretty low, but most of them have recorded an increase of more than 300 percent since. So far this year, the highest performing digital currency in the market has amassed gains of more than 300 percent.
Litecoin (LTC) Price Today – LTC / USD
Litecoin News Today: Litecoin Tops the Chart of Best Cryptocurrency to Invest in 2019 – Litecoin Price Prediction 2019
Litecoin (LTC) seems to be at the top of the chart of best cryptocurrency to invest in 2019. When you hear “best cryptocurrency 2019,” you would think it’s Bitcoin (BTC), unfortunately, it’s not at this point in time. Litecoin has proven to be the top performing digital currency in the market so far this year. From January up until this point, the price of Litecoin (LTC) has increased by more than 330 percent as reported by Forbes. This is pretty amazing, compared to the price trend of digital currencies last year.
Litecoin outpaced the majority of digital currencies in the market, including Ethereum (ETH), XRP (XRP), and Bitcoin (BTC) – the largest digital currency by market cap. According to CoinMarketCap, Litecoin (LTC) is holding the fourth position on the list of top digital currencies by market cap. The rally in the price of Litecoin is attributed to a series of Litecoin news and other bullish crypto sentiments. However, the bullish Litecoin news that is contributing greatly to the LTC USD price rally is the forthcoming Litecoin halvening.
Litecoin Becomes the Top Performer in the Market, Thanks to the Upcoming Litecoin Halving – Best Cryptocurrency to Invest in 2019
Litecoin halving event is fast approaching. The news around the event is greatly contributing to the significant growth in the price of Litecoin. The halving is set to take place in August. The halvening event will reduce the reward of miners on the network by 50 percent. This would also reduce the supply of the coin which would result in an increased in the demand of the coin. If the demand for the digital currency increases, it would also result in an increase in the price of the digital currency.
The price of Bitcoin (BTC) has increased by about 120 percent from the beginning of this year until now. The price of Ethereum is also up by 100 percent. Litecoin started this year around the $30 mark. The digital currency is now trading around the $130 mark, which is an increase of more than 330 percent over the past few months. The price of Litecoin still has the potential to continue surging, as the halving date approaches. Our short-term Litecoin price prediction 2019 is $150. Many analysts are expecting the price of Litecoin (LTC) to hit $1k by the end of this year.