Litecoin price analysis 17 June 2019; Litecoin to surge after Warren Buffet lunch

Litecoin’s performance has been underwhelming over the course of the last couple of days, but the traders are still expecting the price to surge thanks to a recent development in the market.

We’ve already reported about Justin Sun, the CEO of TRON winning a charity lunch with billionaire Warren Buffet. Sun wanted to take a few crypto market leaders along with him but was rejected by one of the most influential market players, Changpeng Zhao, the CEO of Binance.

However, Sun has just received confirmation from the founder of Litecoin, Charlie Lee that he has agreed to accompany him on the lunch.

Since the anticipation for the outcome of the lunch is relatively bullish, it’s understandable to see Litecoin surge alongside TRX.

Litecoin price chart

LTC chart by Trading View

It seems that everything is going in Litecoin’s favour today, as the market starts to rebound from the weekend slumber. Bitcoin is back up at $9000+, the LTC halving is well on its way at the beginning of August and now the founder is participating in market influence.

It seems like the coin will be receiving some major bullish sentiments soon.

The reason why Lee agreed to attend the lunch, was because of much lower risk when compared to TRX. Litecoin has a guaranteed surge ahead of it during the halving, while TRON heavily depends on the success of the lunch should it receive a nice surge.

Overall, regardless of the outcome, the crypto community should not fear for Litecoin’s pricing in the short-term. It’s still recommended to hodl before August.