After a massive plunge that pushed the price of Bitcoin (BTC) towards the $9,000 level, the crypto market is now back in the green. At the time of writing, almost all the top cryptos in the market are trading in the green. The price of Bitcoin (BTC) has also surged enormously, and it is now $400 away from hitting the $11k mark. Among the top ten cryptos in the market, the highest gainer over the past day is Litecoin (LTC). The performance of Litecoin (LTC) over the past day outpaced the performance of the rest coins among the top ten.
As soon as Litecoin started surging higher, it reclaimed its position as it recently lost is to Bitcoin Cash (BCH). Litecoin is now back to the fourth position on the list of top digital currencies by market cap. Litecoin (LTC) just broke over a major resistance level, which was its major support level earlier.
Litecoin (LTC) Breaks the $100 Barrier, Is This the Effect of the Forthcoming Litecoin Halving 2019?
Litecoin halving 2019 is just a few weeks away. As the Litecoin halving date approaches quickly, many digital asset investors are expecting the effect of the event to price in on LTC USD price. The price of LTC is supposed to have started responding to the forthcoming bullish event. Many digital asset investors and traders are wondering if this bullish movement shown by Litecoin (LTC) is the start of a massive price rally, as expected.
Prior to the last Litecoin halving, LTC USD price surged by more than 450 percent. This same pattern is expected of Litecoin. However, that massive is yet to start. But the recent upsurge in the price of Litecoin is very impressive and it looks like Litecoin is in for a run. Litecoin (LTC) is currently showing signs of tremendous recovery after a couple of days of weakness.
Litecoin Price Analysis – Litecoin Price Prediction 2019 – Litecoin News Today – Litecoin Halving 2019
Recently, the bears took over the market and all the top cryptos in the market plunged heavily. The price of Litecoin (LTC) broke below the $100 support level. LTC continued its downward movement and broke several support levels. LTC USD price broke below the $90, $80, and $74 support levels.
After testing a new monthly low, the price of Litecoin (LTC) started correcting higher. LTC USD started a sharp rally and broke over several resistance levels. The most significant hurdle Litecoin broke over the past day is the $100 mark. Litecoin has been trading below the $100 level for some days now. The break over that level is a sign that the digital currency is now back in business. Litecoin (LTC) recently tested a new yearly high of $154.
Litecoin (LTC) Price Today – LTC / USD
If LTC continues with this trend, it might return to its previous year-to-date high. At the press time, the immediate resistance of the coin is the $105 mark. A break over this level will pave the way for more gains towards the $120 mark. LTC USD live price is $100.54 after an increase of more than 9 percent over the past twenty-four hours. The $98 mark is currently serving as the immediate support of the coin. Litecoin price prediction 2019 is $200. However, some analysts and digital asset investors are giving a Litecoin price prediction 2019 of $800.