Litecoin Price Rises 4% as Litecoin Foundation Announced Physical Debit Card

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Litecoin Price Rises 4% as Litecoin Foundation Announced Physical Debit Card
The Litecoin Foundation has teamed up with Bibox Exchange and Ternio to bring customers a special edition Litecoin BlockCard, which will allow customers to purchase goods and services with crypto. LTC price adds 4% amid the news.
Litecoin Price Rises 4% as Litecoin Foundation Announced Physical Debit Card

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Source: CoinSpeaker

Litecoin Still Strong as Foundation Launches LTC Debit Card

All attention has been focused squarely on Libra this week as Facebook enters the crypto arena with its centralized offering. This new digital token is nothing like crypto as we know it and one of the year’s top performers by a mile, Litecoin, is still going strong.
Over the past 24 hours LTC has regained its Monday losses and topped out at an intraday high of just north of $135 a few hours ago. It has held on to these gains during Asian trading this morning as daily volume has increased to $3.7 billion.
LTC price 24 hours – coinmarketcap.com
Litecoin market cap is currently $8.37 billion, double what it was at the end of April. LTC has fallen slightly on the week, cooling off from its 2019 high of $142 on June 12th. Over the past 30 days, however, Litecoin has made a whopping 50 percent gain.
Where Next For Litecoin?
Analysts and traders are looking at the charts for the next move as LTC appears to be starting to consolidate. Trader ‘CryptoFibonacci’, who offers daily analysis on the top cryptos, has identified key areas of support should a pullback occur.
“Just sort of consolidating here. 10 ema has held. 125-126 is some key support. If that is broken, it would bring the 115 area into play and possibly 107. Almost looks like a bull pennant on this one too.”

$LTC Daily Chart.
Just sort of consolidating here. 10 ema has held. 125-126 is some key support. If that is broken, it would bring the 115 area into play and possibly 107. Almost looks like a bull pennant on this one too.#LTC #Litecoin pic.twitter.com/ASbKQRCfRg
— CryptoFibonacci (@CryptoFib) June 19, 2019

The Fibonacci levels have come into play previously and the mid $120s zone would be one for further accumulation leading up to the halving.
With just 47 days to go, there is likely to be a run up to $150 for LTC in the next few weeks. Fellow trader and investor ‘Crypto Rand’ has targeted $160.

I can't stop myself from adding more $LTC
My target still: $160 pic.twitter.com/kT3AwVtw84
— Crypto Rand (@crypto_rand) June 18, 2019

Litecoin Foundation Launches Crypto Debit Card
According to a recent announcement the Litecoin Foundation has teamed up with Bibox Exchange and Ternio to release a special edition Litecoin debit card. The BlockCard will enable users to spend crypto online or in physical stores anywhere that major credit cards are accepted.
Ternio’s BlockCard platform will be used to power the plastic which will hold three cryptocurrencies, LTC, Bibox Token (BIX) and Ternio (TERN). Litecoin godfather Charlie Lee stated;
“This is an exciting partnership for us as it furthers the Litecoin Foundation’s mission to create more use cases for spending Litecoin in everyday life. Leveraging Ternio’s BlockCard platform with Bibox’s exchange engine gives Litecoin holders unparalleled access to use their LTC at merchants around the world.”
The announcement added that Bibox will act as the custodian of funds leveraging its $200+ million worth of crypto trading volume to help route the deposits and spending for users. The debit card will be released in the US first before it is made available to other markets.
There are big things ahead for Litecoin and the halving is only half of it.
Image from Shutterstock
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Crypto Analyst: Don’t Expect Altcoin Season Until New Bitcoin All-Time High

Since the start of 2019, crypto investors and traders have been watching and waiting for the promise of “alt season,” a period in which altcoins outperform Bitcoin significantly. There have been a few glimmers of an alt season starting, but Bitcoin’s parabolic rally has stopped it short in its tracks.
A “real” alt season may still be aways off, and not until Bitcoin reaches a new all-time high, according to one prominent crypto analyst and if past performance can help predict the future.
Is Alt Season Almost Two Years Away Still? Depends on Bitcoin All-Time High
Bitcoin continues to rise, yet altcoins continue to bleed out both in USD value and relative to their BTC trading pairs. Crypto traders are dumping their alts into the first ever cryptocurrency, either due to FOMO’ing into Bitcoin’s rally, or through derisking in the face of mounting regulatory pressure and one of the largest crypto exchanges eventually cutting off a portion of its userbase.
Related Reading | Clearing Up the Crypto Confusion For US-Based Binance Traders of Altcoins 
The increased sell pressure on alts has helped Bitcoin break through resistance, completely ignored a massive head and shoulders pattern the market was eyeing, and continued on its rally towards $10,000.

First "real" alt season started after we hit new ATH back in February 2017.$LTC went up 700%$XLM went up 3200%$XRP went up 5300%$ETH went up 1060%
It also happened after the #Bitcoin halving which is in 339 days.
Is it gonna be different this time? pic.twitter.com/EL3oWkDpdN
— Livercoin (@livercoin) June 17, 2019

However, according to one crypto analyst, the leading crypto by market cap will need to push even higher in the coming days for alt season to occur once again.
According to the trader, the first “real” alt season stared after Bitcoin set a new all-time high back in February 2017. The previous all-time high had been set back at the top of the 2013 bull run peak, where Bitcoin had reached over $1,o00 for the first time.
In February 2017 when Bitcoin breached that number for the first time, a “real” alt season kicked off that saw Litecoin increase by 700%, Stellar gain as much as 3200%, Ethereum grow by 1060%, and Ripple explode a staggering 5300%.
Related Reading | Crypto Analysts: Ripple Most Bullish USD Chart, XRP Target 2000% Gains 
All of this happened after the Bitcoin halving, which is still 339 days away. It’s surprising that alt season may be so far off, as altcoins have been in their longest accumulation pattern yet. Regardless of the timeframe, most crypto analysts agree that at least three of the four aforementioned altcoins are primed for a massive movement upward, both in USD value and relative to BTC. These coins are expected to greatly outperform Bitcoin in the coming months.

Another interesting fact :
Both bottoms formed +- 530 days before the Bitcoin halving.
A potential alt season is only 600 days away!!! You better start accumulating. pic.twitter.com/i8zQ0rrJav
— Livercoin (@livercoin) June 17, 2019

Also, it’s important to note that the Bitcoin halving is still 339 days away, but both bottoms – Bitcoin and alts – formed about 530 days before the Bitcoin halving. This means that any potential alt season could be as far as nearly two years away.
But as we’ve seen with Bitcoin transitioning from bear market into bull, the momentum this time appears to be stronger now that institutions have become involved, and the market cycle seems to be increasing in rate. Should this be the case, much like Bitcoin left lows sooner than expected, an alt season may also arrive sooner than anyone is prepared for.
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Ethereum, Litecoin lead the charge as speculation about new ‘alt season’ rises

The cryptocurrency market at the moment is enjoying a relatively positive run, with a majority of the coins providing good yield after Bitcoin broke the $9000 barrier. While Bitcoin has stolen the show in 2019, it would also be safe to say that other altcoins have done their part as well. One altcoin on the […]
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Source: AMB Crypto

Crypto Market Targets $300 Billion Cap: Bitcoin Cash, EOS, TRX, ADA Analysis

The total crypto market cap gained momentum and broke the $260.0B resistance area.
Bitcoin price broke the main $9,000 resistance area and traded close to $9,400.
EOS price traded nicely above the $6.50 and $6.75 resistance levels.
Bitcoin cash price is trading above the $420 level and it could continue to rise towards $440.
Tron (TRX) price broke the $0.0330 resistance and it might continue to rise.
Cardano (ADA) price is slowly moving higher towards the key $0.1000 resistance.

The crypto market cap is surging above $265.0B, with sharp gains in bitcoin (BTC) and Ethereum (ETH). EOS, Tron (TRX), BCH, ripple, ADA, BNB, and other altcoins are trading with a positive bias.
Bitcoin Cash Price Analysis
After a successful close above the $400 level, bitcoin cash price climbed higher steadily against the US Dollar. The BCH/USD pair broke the $410 and $420 resistance levels. The pair is now trading nicely above the $425 level and it might continue to rise in the coming sessions.
On the upside, an initial resistance is near the $432 level, above which the price is likely to test the $440 resistance. On the downside, an initial support is near the $420 level, followed by $410.
EOS, Tron (TRX) and ADA Price Analysis
EOS price gained significantly after it broke the key $6.50 resistance level. The price climbed above the $6.75 resistance and the bulls were successful in a close above the $7.00 level. The next key resistances are near the $7.10 and $7.12 levels.
Tron price is rising slowly and it recently traded above the $0.0330 level. TRX price is currently climbing and it could test the $0.0340 resistance level. If there are more upsides, the price is likely to test the $0.0350 level in the coming sessions.
Cardano price is currently trading above the $0.0900 level, with a positive bias. ADA price must break the $0.0950 level to test the main $0.1000 resistance levels. If the bulls succeed in clearing $0.1000, there could be sharp gains towards the $0.1100 level.

Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move after there was a break above the $255.0B and $260.0B resistance levels. The market cap even broke the $270.0B level and recently tested the $278.0B zone. It corrected lower, but the $264.0B level acted as a strong support. The current price action is positive, suggesting more gains above the $275.0B and $280.0B levels. If all goes well, the crypto market could even test the $300.00B level in the coming days. Therefore, more gains are possible in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.
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Crypto-Market Top Weekly Performers: Bitcoin, Litecoin, Ethereum, NEO and Cardano’s ADA

The struggle between the bulls and the bears is apparently behind us as Bitcoin has quickly climbed above $9100 after a pullback. The tussle that the market now faces is between altcoins and Bitcoins. While Facebook’s cryptocurrency launch restores the regulatory faith around cryptocurrencies, the spotlight that Bitcoin has been gaining from institutional investors stands out in the crowd.
Bitcoin [BTC] has risen past $9000 again as the break towards $10000 seems highly probable. At the beginning of last week, its price was looking to break bearish below $7000. However, the asset has continued to rise as institutional interest in Bitcoin has been on the rise.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $7901
Closing Price: $9083
The weekly Loss: 14.9%
Weekly High/Low: $9388/$7516
Ethereum [ETH]
Ethereum Foundation researcher Justin Drake recently announced a tentative date for the release of the much anticipated Ethereum 2.0 Blockchain platform. According to him, the launch can be expected on January 3, 2020.
ETH/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $235
Closing Price: $269
The weekly Loss: 14.4%
Weekly High/Low: $278/$227
Litecoin [LTC]
Litecoin gained impressively at the beginning of the week as the speculation before the halving on August 7, 2019, reached its zenith. The price looked to break above $150; however, the profitability of mining suggested that halving is not likely to need the increase in price.
Moreover, the increasing FOMO in Bitcoin has the potential to shadow the gains in the altcoins.
LTC/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $117
Closing Price: $135
The weekly gains 15.3%:
Weekly High/Low: $144/$112
Cardano’s ADA
Cardano’s traders looked somewhat uncertain this week. Nevertheless, it sought to break above the resistance above $0.1 again.
ADA/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $0.078
Closing Price: $0.091
The weekly gains 16.6%:
Weekly High/Low: $0.099/$0.077
NEO
NEO looked highly bullish as it broke above the resistance at $13.5. It is one of the more popular platforms for smart contracts and dapps in China than Ethereum.
Also Read: NEO Price Analysis: NEO/USD Bulls Outperform Themselves Setting Grounds for Rally
NEO/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $11.6
Closing Price: $14.1
The weekly gains 21.5%:
Weekly High/Low: $14.8/$11.2
The increases in Bitcoin [BTC] initially put pressure on altcoins as they lost value in terms of Bitcoin [BTC]. XRP is trading 8% lower concerning Bitcoin since the beginning of the week. The pressure on XRP can also be attributed to Facebook’s cryptocurrency announcement.
Nevertheless, the increasing market capitalization is having a positive effect on the price of altcoins as well. The total market capitalization of cryptocurrency markets is $282 billion. The percentage dominance of Bitcoin increased from 55.3% to 57.2% in the last week.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 16th June 2019. 
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Source: CoinGape

Crypto Market Rallies $15 Billion: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap gained momentum and broke the key $252.0B resistance area.
Bitcoin price surged above the $8,500 and $8,650 resistance levels.
Litecoin (LTC) price remains in a strong uptrend and is trading nicely above $134.
Bitcoin cash price is grinding higher towards the $420 and $425 resistance levels.
EOS price is back above the $6.50 level and it may even break the key $6.75 resistance area.
Stellar (XLM) price is about to gain momentum above the $0.1250 level.

The crypto market cap gained sharply, with positive moves in bitcoin (BTC) and Ethereum (ETH). Altcoins such as LTC, ripple, bitcoin cash, EOS, TRX, and stellar are also moving higher.
Bitcoin Cash Price Analysis
Bitcoin cash price finally broke the $400 resistance against the US Dollar to move into a positive zone. The BCH/USD pair even cleared the $405 resistance and it is currently trading above the $410 level. An immediate resistance on the upside is near $420, above which there are chances of more gains above $425.
On the downside, the $410 level might act as a decent support, below which there is a risk of a drop back towards the $400 or $395 support.
Litecoin (LTC), EOS and Stellar (XLM) Price Analysis
Litecoin price settled above the $130 level and it is currently moving higher. LTC price is currently up more than 3% and it is likely to climb above the $135 and $138 levels. The main resistance for the bulls is near the $140 level. On the downside, the recent resistance at $130 could provide support.
EOS price managed to gain traction above the $6.45 and $6.50 resistance levels. The price is now trading nicely above the $6.60 level and it might continue to rise in the near term. The next key resistances are near $6.70 and $6.75.
Stellar price is trading well above the $0.1200 support level and it is slowly moving higher. XLM price is about to break the $0.1250 resistance and it could continue to rise towards the $0.1280 and $0.1300 levels.

Looking at the total cryptocurrency market cap 4-hours chart, there was a decent upward move from the $246.0B swing low. The market cap broke the main $250.0B and $252.0B resistance levels. It added more than $10B and grinded above the $260.0B level. A swing high was formed near $263.1B and it is currently correcting lower. An immediate support is near the $257.0B level, followed by a connecting bullish trend line with support near the $255.0B level. As long as the market cap is above the $250.0B pivot level, there could be more upsides in bitcoin, Ethereum, EOS, litecoin, ripple, XLM, BCH, ADA, BNB, TRX, ICX, and other altcoins in the coming sessions.
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Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

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Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist
A Bitcoin halvening is a fixed event and will occur after every 210,000 blocks are mined, or confirmed, by the system. StillMark Capital analyst Alyse Killeen thinks that there will be even greater demand for Bitcoin.
Bitcoin Halving Will Trigger ‘Supply Shock’, Warns Venture Capitalist

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Source: CoinSpeaker

June’s Biggest Shakeups in the Crypto Game by the Numbers

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June’s Biggest Shakeups in the Crypto Game by the Numbers
COR Index published its latest monthly report of key crypto exchange data. The report is based on figures gathered from over 150 cryptos and the top crypto exchanges.
June’s Biggest Shakeups in the Crypto Game by the Numbers

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Source: CoinSpeaker

Litecoin Defies Fundstrat Analyst’s Green Rating: Retraces below $130

Litecoin is poised for sideways trading in the sessions heading into the weekend.
To avert the bear pressure, LTC/USD must first defend $128 support and push past $130.

Litecoin was given a strong buy signal by one of the leading analysts associated with Fundstrat’s, Tom Lee research firm. The analyst said that with Litecoin breaking above $125 critical resistance, it had launched itself towards a bull rally that was going to break $150.
LTC/USD 1-hour chart
Chart source: Tradingview 
Meanwhile, a look at the chart on Friday shows an opposite correction for the fifth largest cryptocurrency by market capitalization. Litecoin is trading at $129 at press time following a correction from $144 high achieved yesterday.
By failing to find support above $140, LTC/USD opened the Pandora box as bears took advantage of sending Litecoin below a couple of more support levels at $132 and $130. However, the previous resistance level at $128 stood its ground preventing the price from tanking further.
At press time, Litecoin is trading at $129.31 and after correcting lower 1.13% on the day. The price dipped below both the 50 Simple Moving Average (SMA) and the 100 SMA. Losses extended below the trendline support further demoralizing the bulls.
Technically, Litecoin is poised for sideways trading in the sessions heading towards the weekend. The Relative Strength Index (RSI) slopping slightly under the overage means that the trend has a bearish bias. The reducing gap between the moving averages could lead to the 50 SMA crossing below the 100 SMA which will be another indicator for a bearish momentum.
Therefore, Litecoin bulls must first defend $128 support and push for a reversal above $130 in the near term in order to avert the bear pressure that continues to hover around it. Other key support levels to look out for are $125, $120 and $100.
Also Read: Crypto-Market Update: Bitcoin [BTC] Tests $8300 As Alts ETH, BCH Break Resistance, BNB new ATH
Litecoin key Technical Indicators
50 SMA: $134.46 – A cross under the 100 SMA will be a bearish signal.
100 SMA: $131.58 – Price crossing above this level is a bullish signal.
RSI: The ranging at $35 points towards consolidation.
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Source: CoinGape

Crypto-Market Update: Bitcoin [BTC] Tests $8300 As Alts ETH, BCH Break Resistance, BNB new ATH

Bitcoin made a significant move above $8000 late on 12th June 2019. The total market capitalization of Bitcoin [BTC] which broke below $150 billion, is currently testing resistance at $8300. Nevertheless, the break above $8000 also instilled renewed confidence among the bulls.
The price of Bitcoin [BTC] at 5: 00 hours UTC on 14th May 2019 is. It is trading higher on a daily scale.
BTC/USD 4-Hour Chart on Coinbase (TradingView)
Litecoin [LTC], Bitcoin Cash [BCH] and Ethereum [ETH]
The rise in Litecoin [LTC] was the highlight of the cryptocurrency markets this week as the speculation around it began with less than 60 days to halving.
Litecoin [LTC] recorded a new yearly high at $145. The rise was witnessed in the past week as Litecoin broke above $100 and continued gaining with massive momentum. The price has corrected to $test $130 levels for the past two days.
LTC/USD 4-Hour Chart on Coinbase (TradingView)
Interestingly, while most altcoins traded slightly in the red on a daily scale, Bitcoin [BTC] and its two most popular forks showed positive volatility. BCH gained 4.5% late on 13th June to record a weekly high at $425. However, it plummeted in the following trading sessions; the price of BCH at 5: 00 hours UTC on 14th June 2019 is.
BCH/USD 4-Hour Chart on Coinbase (TradingView)
Ethereum also broke bullish above $260; the instantaneous rise was influenced by a hike in Bitcoin [BTC]. However, it too corrected as ETH/BTC traded 3% lower on a daily scale. Furthermore, a slight momentum shift towards Bitcoin from altcoins was also visible in the markets.
Binance [BNB] Coin New All-Time High
Binance reached a new All-Time High as the Exchange backed cryptocurrency has been making huge strides since the beginning of the year near about $6. The price breached the 35 dollar mark to record a near 500% rise since the beginning of the year.
BNB/USD 1-Day Chart on TradingView
Binance has become one of the largest brands of the cryptocurrency markets with CEO, CZ, leading the foundation to new heights. The cryptocurrency which is backed by the Exchange, has subsequently benefited from the growth of the Exchange as well.
Most of the other altcoins including XRP, EOS, Stellar and Tron also traded in the red. It was mostly influenced by Bitcoin’s bullish momentum and the rising uncertainty about the future of cryptocurrencies with Facebook’s cryptocurrency announcement on the horizon.
Nevertheless, Bitcoin Futures market has been flourishing as well in 2019, with CME and BitMEX logging record volumes. The much anticipated Bakkt Launch is also due in a couple of months, which is expected to revive investors spirits.
Do you think that Bitcoin’sDominance will increase significantly? Will the bull action continue? Please share your views with us. 
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Source: CoinGape

Crypto Market Starts Fresh Increase: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap found support near $236.0B and jumped sharply above $245.0B.
Bitcoin price broke the key $8,000 resistance level to move into a positive zone.
EOS price broke the $6.40 and $6.50 resistance levels to start a decent recovery.
Binance Coin (BNB) is up more than 5% and it recently broke the $35.00 resistance.
Bitcoin cash price is above to break the $400 barrier to move into a bullish area.
Tron (TRX) price gained nearly 6% and it recently broke the key $0.0320 resistance.

The crypto market cap gained more than $10B, with positive moves in bitcoin (BTC) and Ethereum (ETH). Binance coin (BNB), BCH, tron (TRX), ripple, litecoin and EOS are currently gaining momentum.
Bitcoin Cash Price Analysis
After a major downside correction, bitcoin cash price found support above $360 against the US Dollar. The BCH/USD pair started a steady recovery and recently broke the $380 and $390 resistance levels. The pair is currently trading near $400, above which the bulls are likely to take control in the near term.
The next key resistances are near $410 and $420. If there is a downside move, the price might find bids near the $390 or $385.
Binance Coin (BNB), EOS, Tron (TRX) Price Analysis
EOS price remained stable above the $6.20 level and it recently recovered higher. The price broke the $6.25 and $6.32 resistance levels. Moreover, there was a break above the $6.45 and $6.50 resistance levels. The next stop for the bulls could be $6.60 or $6.65.
Tron price is gaining bullish momentum and it is currently trading up more than 5%. TRX price broke the $0.0300 and $0.0320 resistance levels. It is currently trading above the $0.0330 level and the next stop could be $0.0340. The main resistance for the bulls is near the $0.0350 level in the coming sessions.
Binance coin (BNB) is up more than 5% and it recently cleared the $34.00 and $35.00 resistance levels. BNB price is now consolidating above the $35.00 level, with an immediate resistance near the $35.40 and $35.50 levels. The main hurdle is near the $36.20 level.

Looking at the total cryptocurrency market cap 4-hours chart, there was a major upside break above the $236.0B and $240.0B resistance levels. The market cap broke the $246.0B resistance and tested the next important resistance near the $252.0B level. At the moment, the market cap is confined in a range and it might surpass the $252.0B resistance area. The next major resistance could be $258.0B or $260.0B. If there is a downside correction, the $244.0B or $242.0B level might act as a support. Overall, there are chances of more gains in bitcoin, Ethereum, TRX, LTC, EOS, ripple, ADA, XLM, WTC, BCH, and ICX.
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Litecoin Price Nears 600% Returns, But Beware of the Potential 73% Pre-Halving Plummet

Throughout most of 2019, Litecoin – the cryptocurrency forked from Bitcoin’s codebase by former Google programmer Charlie Lee – has led the entire crypto space out of the depths of the longest bear market on record. Much of the bullish sentiment surrounding Litecoin price is being driven by pre-halving speculation. Profit-hungry crypto investors have been buying up Litecoin ahead of a potential price increase.
But with Litecoin’s halving less than 60 days away, and with the asset nearing 600% returns for investors who boldly took a risk and bought the bottom back in December in anticipation of the pre-halving pump, the rally may soon be running out of steam. One crypto analyst believes that Litecoin price still has room to climb, but has issued an ominous warning that a potential 73% drop could be ahead in the coming days.
Crypto Trader Expects LTC/BTC Ratio to Hit 0.034 In Pre-Halving Spike
Litecoin often leads the crypto market. And ahead of its halving, most of the crypto community has considered the silver to Bitcoin’s digital gold to be a “no brainer” of an investment.
Related Reading | Can Litecoin Halving Spark Crypto Alt Season and Boost Bitcoin Price Higher? 
Each halving reduces the block reward miners receive for validating the blockchain. Come this August, the amount of LTC miners receive will be reduced from 25 LTC – approximately $3,475 at current prices – to 12.5 LTC, also reducing the USD equivalent value miners receive for the same amount of effort.
The abrupt shift in the balance of supply and demand, investors believe, creates an increase in price that often gets front run.
That front-running has helped take the price of Litecoin from a bear market low of near $20 to a 600% return as the price nears $140 in the LTC/USD trading pair.

pic.twitter.com/oOPez2zG5Y
— Master litecoin ATH incoming (@xtdisnkfe) June 12, 2019

In the LTC/BTC pair, one prominent crypto analyst believes a massive, multi-month cup and handle formation will take the ratio to a target of 0.34 once the formation confirms. If Bitcoin price stays around $8,000, this would bring Litecoin price to roughly $270. If Bitcoin is to climb higher alongside Litecoin while it surges even higher on the ratio, Litecoin could potentially paint new all-time highs in USD value.

10 Days Left of Litecoin Price Pump, Secure Profits Ahead of 73% Drop
If the halving truly was already front run as many crypto investors believe, risk increases by the day that the earliest buyers will begin securing profits, which will stop the rally dead in its tracks and cause a powerful correction.
Related Reading | Crypto Analyst: Litecoin is a “No Brainer” 
The same crypto analyst that has lofty price targets for LTC/USD and LTC/BTC and has been accurate in his predictions thus far, believes there are only 10 days left in the rally before the tides sharply turn.

I think we have about 10 more days of litecoin pumping…
I’ve started to move some out of litecoin into bitcoin
If you look at 2015 45 days before they halving the price peaked and drop 73% be aware
45 days will be June 22
Protect some of your profits especially if your new
— Master litecoin ATH incoming (@xtdisnkfe) June 11, 2019

According to the last Litecoin halving back in 2015, the final days leading up to the halving caused Litecoin to absolutely moon, doubling in value relative to Bitcoin. Immediately after buyers began taking profits, Litecoin price fell 73%, as early investors dumped on those FOMOing in too late.
That dump occurred 45 days ahead of Litecoin’s last halving. The next halving is in less than 55 days. When will you secure Litecoin pre-halving profits? Or will you be left holding a bag?
Featured image by Shutterstock
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Litecoin [LTC] Price Prediction for 2019/2020/2025: $500 is a Conservative Prediction

Litecoin will continue with the surge in the remaining months of the second half of the year.
Litecoin is predicted to trade close to $250 by December 31, 2019
Litecoin is predicted to range between $1,000 and $1,200 in five years.

Litecoin Project Overview
Litecoin has been among the major players in the cryptocurrency industry since it was founded in 2011 as a hardfork Bitcoin. The official Litecoin website states that it “is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.” Like many other decentralized digital assets in the industry, Litecoin is open-source and works as a global payment protocol without the interference of central authorities.
As one of the earliest cryptocurrencies in the world, Litecoin has emerged as a competitor to other payment networks. It is backed by an experienced and active development team and has solid economics. However, emerging technologies and new cryptocurrencies over the years have seen competition get tougher.
Being a fork of Bitcoin, Litecoin still suffers from some of the inherent issues associated with Bitcoin. On the downside, LTC rivals are able to tap into the latest technology. There are more promising emerging blockchains across the industry that are highly scalable have the ability to process thousands of transactions per second while keeping the transactions fees at the minimum. Some competitors enjoy a vibrant community and merchant support network and have become a threat to Litecoin.

Rising Above Bitcoin’s Influence
Although Litecoin has established itself as a solid cryptocurrency over the years, lack of a clear roadmap and the community kept in the dark of the ongoing developments cloud its near and long-term future. Many cryptocurrency enthusiasts believe that Litecoin is still operating in Bitcoin’s shadow. Various users say that Litecoin is currently not developing on its own and waits for Bitcoin to release code for its developers to implement on Litecoin. This is of course, besides the Litepay saga that greatly affected Litecoin last year.
Litecoin is also losing in terms of marketing and is said not to have a particular team working on marketing. Building a vibrant community around the world would help increase awareness around the world which would culminate in greater and wider adoption of LTC.
Litecoin future could very well be tied to the development of a couple of areas; the Lightning Network (LN) and the Atomic Swaps. However, up to date information about these two areas is still an issue that has to be handled. Litecoin founder, Charlie Lee said in the first quarter that the network is working on introducing privacy and fungibility features. The two features would be attractive to the user but privacy could hurt Litecoin as merchants could start delisting the coin in order to comply with AML policies.

Litecoin Mining and Halving
Litecoin like Bitcoin is a minable cryptocurrency. At the moment, miners are awarded 25 LTC per block. However, every four years (840,000 blocks) this amount is halved. Litecoin is a Scrypt coin and mostly mining using equipment developed by application-specific integrated circuit (ASIC) miners like Bitmain. Litecoin functions on a consensus algorithm referred to as proof-of-work just like Bitcoin. One of the commonly used ASIC equipment for mining LTC is Bitmain’s Antminer L3+, although there is a competitor that is launching soon A4+ LTCMaster by Innosilicon.
Litecoin miners have an option of doing it on their own or joining a mining pool. Mining solo makes it difficult to find a block but allows the miner to keep all the 25 LTC reward including fees. However, a lot of hash power will require for any miner going solo. Pool mining allows a group of miners to contribute to the hash power and makes their earnings much more steady but in small amounts.
As mentioned every four years Litecoin goes through a halving event where the mining rewards are halved. Litecoin mining is halved after every 840,000 which means that after the 2019 halving, miners block reward will be cut by half to $12.5. The event is scheduled to take place on or around August 6, 2019. This will be the second halving event for Litecoin following the one on August 26, 2015.
The impact of the event is expected to dwell mostly with the profitability of the crypto’s mining. Consequently, if history is anything to go by, a price rally is expected. In 2015, Litecoin doubled in value following the having event from $1.5 to $3. A similar rise is expected after this year’s halving exercise.

Litecoin Mass Adoption
Mass adoption of cryptocurrencies is said to be the driving force for the value of digital assets. The bear trend last year was a negative impact on the adoption. However, experts predict that recovery from the downtrend will definitely spark mainstream adoption. Charlie Lee once said that it is during a bearish market that projects focus more on development:
“… I think in the future you will be using cryptocurrencies in your daily lives, and you may not even realize it,”
Lee told the Wharton School of the University of Pennsylvania.
Litecoin can be used to pay for goods and services on various online merchant platforms as well as physical locations around the world. Moreover, at the moment, LTC can be bought easily on exchanges and exchange with other coins and fiat currencies. There are businesses in the hotel and travel industry currently accepting LTC as a form of payment.

Litecoin Price Prediction 2019 & 2020
Litecoin is currently hovering around $115, although the digital asset touched highs around $122 in May. The retracement from the highs is highly connected to the bearish pressure affecting the major coins like Bitcoin which tested the support at $7,500 following rejection from highs above $9,000.
The $6.5 billion cryptocurrencies currently ranked at the fifth place on the market according to the data on CoinMarketCap. It has a 24-hour trading volume of $3.6 billion in the last 24 hours, a maximum supply of 84,000,000 LTC but only 62,097,626 LTC coins are currently in circulation.
The trend in the last two months has proven to the investor that recovery from the extreme declines seen in 2018 is not a mirage but a possibility. Since the beginning of 2019, Litecoin has more than quadrupled its value and this surge appears to be far from over especially with the halving event just around the corner.
Coingape predicts that Litecoin will continue with the surge in the remaining months of the second half of the year to trade close to $250 by December 31, 2019. This is because Litecoin has already gained the momentum to the upside and demand for the coin is set to rise to post the halving event this August.
In fact, the $250 prediction for Litecoin is quite conservative and the momentum will increase towards the beginning of 2020. The target for Litecoin in the first quarter of 2020 is to trade around $300. By December 31, 2020, Litecoin will be changing hands close to the all-time highs if not around $500. As cryptocurrency mainstream adoption increases, Litecoin is also going to gain momentum as demand on exchanges rises. As the fifth cryptocurrency, Litecoin is still correlated to Bitcoin value and could rise even higher post Bitcoin halving event where Bitcoin is prediction to hit highs above $30,000.

Litecoin Price Prediction 2025 and Beyond
Five years from now, we hope that Litecoin will have come out Bitcoin’s shadow. A situation that will allow the network to champion its own path going into the future in terms of developments, upgrades, and token value. As “the new global payment standard for consumers and business worldwide,” LTC is expected to gain traction across the board. It is already a plus for Litecoin as it has quicker confirmation times and lower transaction processing fees.
Litecoin is predicted to range between $1,000 and $1,200 in five years. With increasing adoption and cryptos becoming better alternatives for payment and investment, the value of LTC could hit higher highs between $1,500 and $2,000 five years. Looking at the 10-year bigger picture, Litecoin is likely to range between $5,000 and $8,000.

Experts Opinion on Litecoin price prediction
Most experts and analyst believe that Litecoin will correct higher towards the end of 2019. The momentum is set to increase in 2020. Some of the authoritative websites have also released their Litecoin predictions, some which will be featured in this section.
For instance, CoinSwitch.co, a leading cryptocurrency exchange aggregator believes that “As the currency is gaining more popularity, the acceptance ratio might also increase. It is already high as compared to the other newcomers. The price is going to soar pretty high in the year 2022 and 2023, where it can reach the 900-dollar mark.”
According to Kelly, the head of BK Capital Management (LLC) Litecoin will trade around $500 by the end of 2019. He adds that this prediction is still conservative and Litecoin might rise to reach $600 in the same period.
Steemit.com, a renowned cryptocurrency prediction website predicts that Litecoin will trade at $3,500 by the end of 2019. The site says that Litecoin will gain momentum in tandem with the rest of the cryptocurrency market.
Another popular crypto analyst, George Tung says that Litecoin is far from its absolute ceiling. He predicts that Litecoin will rise to a threshold of $1,500 by the end of next year.

Litecoin Technical Analysis
Litecoin will remain vulnerable to declines as long as the critical level at $120 remains unconquered. Recently, rising bearish pressure broke the uptrend that had formed a higher highs pattern since the beginning of May. However, looking at the daily chart, we see that in spite of the lower correction, LTC/USD remains above the six-months-long rising trendline.
LTC/USD daily chart
Chart source: Tradingview
Besides, the declines in June did not dive below the historical support provided by the 30-day Exponential Moving Average (EMA). And as long as the price remains above this indicator, the bullish interest in LTC is bound to rise in the coming sessions.
Additional data from the daily chart shows a bullish momentum struggling to rise above the seller congestion above the current value at $114. It is essential that the buyers increase their entries to catapult Litecoin above $120 in the short-term. After all, the trends of the RSI suggest that Litecoin is still in a bullish phase. The RSI has been forming a higher high pattern despite the up and down movements since the beginning of May. The indicator is expected to continue with the same trend throughout the month of June and this is likely to increase the buyers’ confidence in the up trending market. Meanwhile, initial support is established at $100 although $80, $60 and $40 will come in handy in the event a reversal occurs.

Litecoin Price Frequently Asked Questions:

What is the current price of Litecoin (LTC)?

Litecoin is currently valued at $111 (June 7, 2019).

What will be the Litecoin’s price at the end of June?

LTC/USD will range between $120 and $150 by the end of June 2019.

Is it profitable to buy and hold Litecoin?

Litecoin has increased in value more than four times since the beginning of June. As per the predictions in this article, its value is likely to increase to $250 by the end of 2019 and trade above $500 by the end of 2020. Therefore, LTC is a good investment for the long-term holder. However, it is vital to invest only what you can afford to lose and after doing your due diligence in terms of credible research.

Will Litecoin halving cause a price surge?

Halving has been linked to price rallies in the past for Litecoin and Bitcoin. If history is anything to go by, I expect Litecoin to surge post the halving event.

Can Litecoin come out of Bitcoin’s shadow?

As one of the oldest cryptocurrencies, Litecoin has matured over the years. And yes, LTC can forge its path in terms of developments and value separately from Bitcoin. This will start with pushing unique upgrades, focusing on marketing and growing a vibrant community around the world.

Project Overviewl1Rising above Bitcoin’s influencel2LTC mining and halvingl3Mass adoptionl4price prediction for 2019 & 2020l5price prediction 2025 and beyondl6Expert opinionl77Technical analysisl8FAQsl9
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Bitcoin (BTC) Halving In A Year, Is LTC Setting the Pace?

Bitcoin (BTC) adds 6.1 percent
Ahead of next year’s halving, BTC is likely to inch higher

Tone Vays, a Bitcoin supporter and a former Financial Analyst at JP Morgan, is edgy of the current uptrend. BTC is ranging, and prices aren’t steady above $8,000. That’s what’s visible in the daily chart. Therefore, unless otherwise there is a break above $8,500 and later $9,100, BTC may topple below $7,500.
Bitcoin Price Analysis
Fundamentals
Thus far, it has been a perfect start for cryptocurrency investors. Recording double-digit gains over the last two quarters, Bitcoin is a standout. Even so, that is not deterring bears from hitting back and capping progress.
In the last three or so weeks, it is evident that prices are ranging inside a $1,000 zone. That’s a classic accumulation as this is printing in a clear bullish trend. However, since halving is next year, coinciding with a significant political event in the US, BTC investors are optimistic.
Already, the expectation of a favorable price repricing is prodding demand in Litecoin. Rallying above $130 at the time of writing, Litecoin, a protégé of Bitcoin designed purposefully to complement the network, is up five-fold after hitting rock bottom in mid-Dec 2018.
Behind this euphoric rally is August’s halving. If Litecoin, therefore, becomes a blueprint, odds are-and this happened before, BTC could surge to near highs.
Arthur Hayes, the CEO, and founder of BitMex said he his confident prices would surge to $50,000 by the close of the year. Ahead of BTC halving, the same may happen as many analysts concur on this possibility.
Candlestick Arrangement

While there is no reason to trust bulls as Tone Vays warns, BTC bulls have the upper hand. If anything, $8,000 is a psychological price tag and a vital level for traders. As a reminder, it is crucial for bulls to not only build the momentum required for thrusting prices above $8,500 and $9,000. Notwithstanding, priming this upsurge must be high participation.
That will be a litmus test gauging the strength of buyers, a prerequisite for a trend continuation. As it is, there is an opportunity for aggressive traders to buy the dips as long as BTC is above $7,500.
However, that will largely depend on the confirmation of the three-bar bull reversal pattern of June 4th through 10th. Ideally, the perfect entry is above $9,100. Such a break above May high would trigger the much-needed wave that could push BTC to above $10,000 and $12,000.
Technical Indicators
Trading volumes are shrinking despite the expectations of better prices. For trend continuation, trading volumes that would thrust prices above May high must usurp those of May 30th of 31k or even 47k of May 14th. Similarly, any liquidation below $7,500 must be with equally high trading volumes nullifying this trade plan.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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