After a massive struggle at the $143 price point yesterday afternoon, Litecoin has failed to maintain its balance above the $140 mark and has come crashing down to $135 yet again.
Most investors believe that this was due to yet another market uptick yesterday that sent BTC flying back to its $8000+ marks which generated more trading volumes and diverted attention from LTC for the first time in a week.
Despite the relative loss in valuation, Litecoin still remains one of the best performing cryptocurrencies in 2019 and is expecting yet another uptick in anticipation of the fast-approaching halving.
When compared to other coins, Litecoin took the most damage in the 2018 crypto winter, but as they say “the bigger they are the harder they fall”. Well, there’s a continuation to that saying that “the lighter they are the easier they get up”.
Thanks to the shredded price of LTC, it had much more room to grow in the May bullish run and is still kicking when compared to others.
It’s been more than 18 months since the price dipped in January 2018, and Litecoin has seen more than 300% gain in its evaluation.
According to multiple market experts, Litecoin can expect a price point of at least $2000 by 2021, but that’s very hard to believe although two years is a lot of time for growth.
Despite the increased interest from both retail and institutional investors for LTC, it’s highly unlikely that the coin could reach such a large price, especially since it will be getting more coins emitted in its blockchain.
A more realistic price point is $250 this August, and around $200 by the end of 2019. But when it comes to far-future predictions, they’re pretty hard to make.
As of now, all we can do is guess and hope it’s right, but the fact that LTC will surpass its all-time high of $375 by 2021, is guaranteed.