Litecoin LTC price analysis 14 May 2019: Falling behind the rest

Litecoin price predictions

Yesterday was a complete roller-coaster of emotions when it comes to cryptocurrency prices. The bulls and the bears were all staying within the $88 and $92 price ranges, but the price did not manage to break any of the resistance points.

The bulls were hoping for the price to reach an all-time high for this quarter by surpassing the $96 mark, but it quickly dipped back to $90 currently according to coinmarketcap.

Litecoin may 14

Unfortunately, there is nothing special to say about the Litecoin price at the moment, as comparing it to the rest of the Top 10 charts leaves a sour taste in the mouth. Nearly every major cryptocurrency has shot up within the last couple of hours, while Litecoin is continuing to struggle against the $91 mark.

It is expected that by the end of the day, Litecoin will indeed manage to catch up with the rest and surpass even the $95 mark, but that is something a bull would say.

However, the bullish expectations can be trumped very easily by the bitcoin bandwagon. It has had its fair share of upward spirals, followed up by XRP‘s nearly vertical increase. But what goes up must come down, therefore the bears may overwhelm the bulls today.

Overall, it is not expected that Litecoin will drop below the $88 mark by the end of today. One price point that the traders need to keep an eye on is the $89 mark. If the price is able to remain within the $89 – $91 margin, it is likely to survive the night. If it dips below $89, there is no telling when it could be stopped.

Giorgi Mikhelidze

Giorgi Mikhelidze

Georgian-born blockchain enthusiast Giorgi leverages his software development background for on point market commentary and analysis. A brief stint with Finance Makers and he's now covering crypto news for high authority websites with the tip learned from past experience, "Whenever you see people talking about the weakness of your idea, don't see it as criticism."

Related News

Hot Stories

Solana price analysis: SOL price spikes to $42.4 as bullish momentum intensifies
ChainLink price analysis: LINK rises to $8.4
Polkadot price analysis: Bulls reclaim $8.79 position after the latest upturn
Bitcoin, Ethereum, Polkadot, and Dogecoin Daily Price Analyses – 7 August Roundup
How to Stake Kava: Is 110% APY on BUSD legit?

Follow Us

Industry News

Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance
Bitcoin falls to $23K on U.S. jobs report
How are the top cryptocurrencies selected?
Voyager Digital set to refund users with a $270 million fund