Ethereum
$ 1,196.88 0.87%
Solana
$ 40.49 0.97%
Dogecoin
$ 0.066477 0.63%
ApeCoin
$ 4.39 2.38%
Bitcoin
$ 21,139.00 0.64%
BNB
$ 234.38 1.93%

Litecoin price analysis data 8 July 2019; Will LTC remain on $120 before halving?

Litecoin price 13 may 2019

Litecoin has been quite responsive to Bitcoin’s movements recently, but it hasn’t quite caught up to the growth numbers that the #1 crypto is notorious for.

Such responsiveness to Bitcoin is nothing new from Litecoin as it has always followed the market movements, only making major moves during extremely bullish announcements such as with the Litecoin debit card and LTC halving in early August.

Now the price seems to have plummeted from a massive consolidation of $146 just a few weeks ago to $120 at the moment of writing this article.

LTC price chart

LTC chart by Trading View

As it stands right now, Litecoin still remains the best investment out of all the major altcoins in the market. However, short term consolidation should not be expected unless Bitcoin makes some major moves.

Since we are all waiting for the Bitcoin uptick before the end of July, it’s possible to have LTC rise up to $130 but then lose the position during BTC market dominance.

Later though, with all the adoption and hype coming from both the debit card and the halving, it’s possible to have Litecoin go to $250 in the first week of August, and then fall to $200 before the end of September.

In the long run tho, LTC has the potential to surpass $300 by the end of 2020.

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

Crypto News Alert – A New Meme Coin That Will Process 50,000 Transactions Per Second
Polkadot price analysis: DOT price will break above the closest resistance level found at $ 9 over the weekend
Cryptocurrency Investments To Make in a Bearish Market - Shiba Inu (SHIB), Dogecoin (DOGE), and RoboApe (RBA)
Monero Price Prediction 2022-2031: Is XMR Price Going Higher?
ISO 20022 compliant crypto-list

Follow Us

Industry News

Margin calls and bot liquidations add chaos to crypto as its market cap hits $964b
Bitpanda lays off workers amid the market decline
Coinbase to launch Nano BTC features aimed at retail traders on June 27
Namibian University will offer master's degree in blockchain technology soon
Uphold announces restriction of Venezuelan users