Price analysis of Litecoin (LTC): Litecoin will continue to grow after collecting 11% of earnings in less than a day?


Litecoin has lost more than -92% of its total value over the course of about 11 months, which most likely describes the severity of long-term bear trends.

However, although LTC has also moved away from its long-standing commercial of 5th biggest cryptocurrency to take 9th position on the list with those that seemed to be most likely to leave the list of the top ten trading currencies.

Litecoin has even fallen below the value of $ 30, at one point losing more than 50% of earnings in the course of a single month.

With the last attempt to rebound in the market, we can see that all the cryptos are collecting earnings on December 16thth. The latest gains may be a part of a significant recovery, however, if the gains can not remain around for more than a day, the cryptocurrencies will continue to plunge at an accelerated pace.

Litecoin is one of the top trading cryptos in today's list of the top ten trading currencies, with the collection of 11% of gains over less than a single day.

The latest gains could not yet help LTC break the $ 30 resistance and return above the initial price.

Litecoin gets past Bitcoin SV (BSV) and Bitcoin Cash (BCH) during the 7ththRanking in the list

In the last race in which Litecoin managed to reach a peak of 11% against the dollar over the last 24 hours, LTC managed to overcome two previously placed cryptocurrencies, Bitcoin Cash (BCH) and Bitcoin SV (BSV). .

Although Bitcoin SV is scoring 7% of earnings in a single day, following LTC while the rest of the top ten traders are rising by 3% as the highest average in the last 24 hours, BSV shows negative returns of over 23% against the fiat in the last seven days.

Litecoin (LTC) Price today – LTC / USD

This is how Litecoin managed to push BSV down in the rankings, even surpassing Bitcoin Cash, now positioned as 8ththe largest crypt with -24% of losses in a week, while BSV is defined as 9ththe biggest currency at the moment.

Litecoin managed to get a better position on the list with a market capitalization of over $ 1.5 billion, also recording almost 2% of earnings over the past week and proceeding on an hourly basis of 1% at the time of the drafting of this document.

At this rate of growth, LTC seems to be trying to recover, however the gains could be short-term and may not last long enough to bring LTC to over $ 30.

What to expect from Litecoin in 2019?

The scenarios of more optimistic cases require that Litecoin will continue to rise in 2019, managing to even exceed the price of $ 60 over the next few months.

However, other forecasts predict that 2019 will be equally bearish in 2018, which means that Litecoin may not be able to go far from its lows over the course of the next year.

In the event that LTC does not find a positive momentum in the following months, the crypt is in danger of seeing new lows, which means that the LTC could even fall below $ 20 despite the latest gains.

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