The digital currency market has been range bound over the past couple of days. There has been a sinusoidal movement in the prices of digital currencies in the market. The crypto market recently experienced a sharp plunge which saw the price of Bitcoin (BTC) fall below the $11k level. However, at the press time, the majority of digital currencies in the market are now trading in the green. At the time of writing, the price of Bitcoin (BTC) is just $200 away from hitting the $13k level. Another digital currency that has been posting a significant level of gain is Litecoin (LTC). Litecoin halving is just a couple of weeks away and many digital asset investors are wondering if the expected Litecoin price rally has started.
Has the Litecoin Halving Rally Started? – How Far Will the Price of Litecoin Go? Litecoin Price Forecast
Many digital asset investors are expecting the price of Litecoin (LTC) to skyrocket in the month of the forthcoming Litecoin halving. The Litecoin halving event will see the halving of mining reward on the blockchain by 50%. If the demand for the digital currency remains the same or even increases after the halving, the price of Litecoin (LTC) will skyrocket. As such, many digital asset investors are increasing their LTC holding in order not to miss out on the expected rally.
The speculations about the halving event have also seen the entrance of new digital asset investors and traders into the crypto space. The FOMO behind the event is pretty strong and no one wants to miss out on it. The Litecoin halving event is just less than 30 days away and Litecoin (LTC) just started a fresh rally. Will this rally continue until the Litecoin halving date? Will Litecoin price recover in the short-term?
Litecoin Experiences an Unusual Daily Trading Volume – Best Cryptocurrency to Invest in 2019
No doubt, Litecoin (LTC) is one of the best cryptocurrency to invest in 2019. So far this year, Litecoin (LTC) is one of the best performing digital currencies. The gains amassed by Litecoin (LTC), which is currently the fourth largest digital currency by market cap, is more than that amassed by Bitcoin (BTC) – the world’s most dominant digital currency.
Over the past weeks, the daily trading volume of Litecoin (LTC) has been on the high side. The daily volume posted by the digital currency these days has never been this high. Over the past couple of weeks, the twenty-four hours trading volume posted by Litecoin has been within the range of $3 billion to $6 billion. This shows more digital asset investors and traders are acquiring more Litecoin to increase their holdings while others are just getting into the crypto market.
Litecoin (LTC) Price Today – LTC / USD
Litecoin Price Analysis – Litecoin Price Prediction 2019 – LTC USD Live Price – Litecoin News Today – Cryptocurrency Market Update
At the time of writing, Litecoin (LTC) is trading deep in the green along with other digital currencies in the market. After plunging towards the $110 level, the price of Litecoin (LTC) is now back over the $120 mark. The digital currency is now heading towards the $130 mark, after breaking the crucial resistance at the $120 mark.
At the press time, Litecoin (LTC) is supported at the $122 mark. On the upside, the digital currency is facing resistance at the $125 mark. However, Litecoin (LTC) looks set and it has enough bullish sentiments around it to help it break over the $125 mark in the next couple of hours.