Litecoin (LTC) Price Finally Settles Down As Litecoin Halving 2019 Approaches

The expectations for Litecoin (LTC) price are higher than usual. A lot of digital asset investors are expecting an outstanding performance by the digital currency as the Litecoin halving 2019 is just by the corner. Prior to the last Litecoin halving, the price of Litecoin surged enormously. While digital asset investors, traders, and analysts are expecting the repetition of such a trend, some are releasing very bullish Litecoin price prediction 2019. Some analysts gave a Litecoin price prediction 2019 of $500 while some believe Litecoin price might hit the $1k level before the end of this year.

However, with the current performance of the digital currency, the Litecoin price forecast of $1k is almost looking impossible, as LTC has not started responding to the bullish sentiments around the forthcoming Litecoin halving event. A recent analysis on the price of Litecoin revealed that the digital currency would likely remain in the bullish trend due to the current price trend of the coin.

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

The bulls have been in control of the market over the past couple of days. With the recent price trend of Litecoin, it appears that the digital currency finally settled down after breaking over the $90 resistance level. The price of Litecoin plunged a bit this week before buyers started pushing to stabilize it once more. Buyers made two attempts to push the price of Litecoin over the $100 mark. However, they failed both times. LTC USD price tested the $100 mark but it failed to hold gains and it plunged lower again.

At the moment, there is another attempt to push LTC USD price over the $100 mark. The $100 mark is currently acting as resistance for the digital currency. On the daily chart of the coin, it appears that buyers are very much in control of the coin. The weekly candlestick of the coin also shows that buyers don’t want the price of the digital currency to fall below and they are continuously trying to breakthrough.

Litecoin Price Might Plunge Below $90 Before It Surges Higher Again – Litecoin Price Prediction 2019

There are some factors that could push the price of Litecoin below the $90 mark before it could start correcting higher again. The positions of marginal buyers are below the level that LTC USD traded in January last year. Nevertheless, buyers seem determined to gain what they want. On the other hand, sellers are not certain of what their objective was and there was no united push from their side. Interestingly, when the price of Litecoin (LTC) broke over the $90 level, the marginal positions of sellers increased.

At the press time, the crypto market is correcting lower and all the top digital currencies in the market are trading in the red. Bitcoin (BTC) price is now hovering around the $10k level. Litecoin price is currently supported at the $90 mark. On the upside, the immediate resistance of the coin is at the $95 mark.

Litecoin (LTC) Price Today – LTC / USD

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At the time of writing, LTC USD live price is $92 after a decrease of about 7 percent over the past twenty-four hours. The current market cap of the digital currency is $5.8 billion. The trading volume of Litecoin over the past day is $2.78 billion.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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