[Updated March 8, 2019] Litecoin’s evolution lately make us believe a potential bull run will come. In our Litecoin price prediction for 2019, we’ll present why we believe LTC’s price will be above $200 in 2019.
At $56.97, Litecoin price is more than slowly fading away from its glory. Investors seem to be shying away from what was once considered the “silver” to Bitcoin’s “new gold”. However, there does seem to be potential for Litecoin price to recover.
Of course, Litecoin’s price, and the ability for Charlie Lee and company to help the coin revisit the kind of price it recorded during its peak days depends on the entire market recovering. However, there is little doubt that Litecoin cannot break away from both Bitcoin and the market at large. Its price is dependent on it.
As such, we can predict price in relative terms to the market. For instance, as of mid-October, Litecoin is sitting at less than 1/100th of the price of Bitcoin. Though LTC has 4 times as many coins as BTC, so a ratio is more appropriate looking at “market cap”. Bitcoin’s market cap is now 36x what Litecoin’s is. This will likely not change much in 2018, as any market movement starts and ends with Bitcoin.
Still, there is an opportunity within that number. Litecoin can start to create momentum on the adoption front before Bitcoin (or Bitcoin Cash). If, and as, it starts to be accepted by commercial enterprises, demand for LTC could grow, pushing Litecoin price back toward the $70 mark and eventually up to $100 again.
Buy Litecoin on Binance today!
Below, we’ll share three reasons why Litecoin could be on its way up in the coming months. Also, we will share some technical analysis supporting a price increase of that magnitude.Two New Partnerships
In a bid to boost the adoption of Litecoin as a payment method around the world, the fifth largest cryptocurrency has partnered with two influential organizations. The partnerships were announced on ...