Litecoin (LTC) Shows Signs of Recovery as It Bounces Back Over $90

The cryptocurrency market recently experienced a massive plunge that affected the valuation of the entire market. The market cap of the entire crypto dropped heavily as some digital currencies plunged by as much as 30 percent over the past few days. Litecoin (LTC) is one of the digital currencies with the highest loss among the top cryptos in the market. Litecoin has proven to be one of the best cryptocurrency to invest in 2019. However, the recent price trend of Litecoin is very poor but many digital asset investors are still optimistic about the future outcome of the digital currency. The faith of many digital asset investors about the growth of Litecoin is in the forthcoming Litecoin halving 2019.

LTC Holders and Investors Are Positive about the Future of Litecoin – Litecoin Halving 2019 – Litecoin Price Prediction 2019

Litecoin halving 2019 will take place on the 5th of August and this event has attracted a lot of digital asset investors to the coin. Many investors and traders are hoping and expecting the price of Litecoin (LTC) to skyrocket during and after the Litecoin halving event 2019. The halving event is just a few weeks away and many are expecting the effect of the event to have priced in on the digital currency. However, Litecoin (LTC) is still struggling to hold gains. The digital currency, which has been holding the $100 mark strongly, recently plunged heavily and broke below the $85 mark.

While this is not the expected outcome of the coin, there are still a lot of bullish enthusiasts and digital asset investors that believe that the price of Litecoin (LTC) will amount to something good before the halving date. Prior to the last Litecoin halving, the price of Litecoin surged by almost 500 percent. Digital asset investors and analysts are still expecting a similar move from Litecoin (LTC). Will Litecoin price recover in the short-term. What is Litecoin price prediction 2019?

Litecoin Price Analysis – Litecoin Price Prediction 2019 – Litecoin Halving 2019 – Litecoin News Today – Cryptocurrency Market Update

The digital currency market is currently recovering at the moment as almost all coins in the market currently trading in the green. Among the top twenty cryptos in the market, the highest gainer over the past day is COSMOS (ATOM). The price of ATOM is up by more than 11 percent over the past twenty-four hours. The second on the list is Bitcoin (BTC) which is up by more than 5 percent over the past day.

The price of XRP has also been on the rise. The digital currency just broke over a major resistance level. Litecoin (LTC) looks set to continue its upward trend toward the $100 mark. However, it might encounter strong resistance at the $95 and $98 resistance levels. LTC is currently trading slightly over the $90 mark. the immediate support of the digital currency is the $88 mark. whereas, the $95 mark is the immediate resistance of the digital currency.

Litecoin (LTC) Price Today – LTC / USD

Name Price
litecoin
Litecoin
$74.080.730%

At the press time, LTC USD live price is $90.89 after an increase of about three percent over the past twenty-four hours. The current market cap of the digital currency is $5.70 billion. The trading volume of Litecoin (LTC) over the past twenty-four hours is $3.22 billion. The Litecoin price prediction 2019 is pretty bullish. Hopefully, LTC USD price might break over the LTC price prediction 2019 after the Litecoin halving 2019.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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