Litecoin Halving News – If you’re among those who have been asking questions like “when is the Litecoin halving”, “what is the Litecoin halving date” and “how will the Litecoin halving affect the price of LTC”, you must have been pretty discouraged when the Litecoin halving date finally came and the price of the LTC token didn’t show any bullish signs. Instead, the price of Litecoin took a downturn along with the rest of the altcoin market irrespective of all the anticipation surrounding the Litecoin halving event. However, the latest Litecoin price analysis reveals that the price of LTC is going to pick up the pace soon despite the current trend in the market. Will the Litecoin price prediction 2019 be bullish by the end of the year?
Litecoin Halving – Litecoin News Today – Litecoin Halving Date Is Gone, What Hope Is There For The Litecoin Price Prediction 2019?
In the beginning of the year, smarttest.wpmudev.host posted a Litecoin price prediction that placed the price of LTC as high as $600 before the Litecoin halving event. At the time, this was the opinion of many members of the cryptocurrency community as the price of the token was up by more than 400% from its 2018 low of about $23. The Litecoin price prediction was that the Litecoin halving event was the main catalyst behind the surge in the price of LTC and that a 400% rise was only the beginning.
Litecoin (LTC) Price Today – LTC / USD
Since the Litecoin halving date, the price of Litecoin has fallen by more than 25%. While the general negative sentiment in the market is responsible for the fall in the price of Litecoin, the dusting attack on major cryptocurrency exchange Binance, didn’t help either. According to reports from Binance, hackers performed a dusting attack that affected about 300,000 Litecoin addresses on the world’s largest cryptocurrency exchange per volume, Binance.
Irrespective of all the negativity surrounding the Litecoin network and the LTC token, the Litecoin price prediction 2019 is still bullish according to analysts. The Litecoin price prediction on NewsBTC reveals that the price of Litecoin is moving near a key support level. When it hits this level, there will be a change in the trend that would allow the bulls to take advantage of the price action and promote a surge in price.
Litecoin News Today – Litecoin Price Prediction 2019 – After The Litecoin Halving – What’s Next?
At the time of writing, the price of Litecoin was $76.93. This means that it is up by 6.61% against the USD and up by 3.93% against the price of BTC. The trading volume over a 24 hour period is $2,692,109,686 and the market capitalization is $4,851,858,068. The positive price action is in line with the LTC price prediction of the cryptocurrency trader Loma who said that the token is primed for a major comeback. In his words;
“Humor me if you will. Let us suggest, for a moment, that $LTC is not in fact a scam. Let us assume that somehow, inconceivably, crypto twitter is wrong for the first time. An objective chart is showing LTC on bedrock support in a falling wedge. Maximum point of opportunity.”
Do you think the current uptrend will continue for LTC? Share your thoughts in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.