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Litecoin price analysis 26 June 2019; Is LTC failing to ride the Bitcoin wave?

litecoin price analysis 10may

Litecoin’s performance during the Bitcoin surge past $10,000 hasn’t been anything mesmerising, but the coin is still displaying some integrity compared to others as the pattern is still relatively maintained.

Once again though, the Litecoin Foundation is targeting mass adoption by partnering up with TravelbyBit. The partnership will allow LTC holders to pay for more than million hotels and flights with the coin, pushing LTC trading volume even further.

Pairing up this new initiative with the upcoming debit card could help us see LTC as a fiat substitute in many cases.

Regardless of the update though, the price is still relatively frozen since 22nd of June, currently sitting at $135 per coin.

Litecoin price chart

LTC chart by Trading View

The overall outlook for Litecoin before the halving is still in the bullish zone as the coin continues to deliver massive ROI for the hodlers that had the patience starting January 2019.

The daily RSI is stuck at 50 levels, but should it rebound, it’s guaranteed to consolidate Litecoin’s price before the halving even occurs.

As for the moment of the halving itself, the prediction remains the same that LTC investors should expect no less than 60% price increase during the halving week, but then a slow decline as the market corrects itself and the newly emitted coins find their destinations.

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."

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