Litecoin Vs. XRP: Could LTC Surpass XRP Before Halving? | ELEVENEWS
Connect with us

Litecoin

Litecoin Vs. XRP: Could LTC Surpass XRP Before Halving?

Published

on

Litecoin is awaiting its block rewards reduction. Meanwhile, the LTC-related price predictions are getting bullish.

Not too long ago, the online publication Smartereum mentioned crypto analyst Financial Survivalism who said that LTC’s price still has enough room to grow.

The LTC rally could become $250 by the time Litecoin halving occurs.

LTC’s market cap has recently increased by $2 billion, leaving Bitcoin Cash behind, according to CryptoSlate.

The bullish trend is reportedly continuing and the online publication questions whether LTC cand flip XRP.

The Halving Event

A little over fifty days from now, at exactly block 1,680,000 LTC, Litecoin will go through a fixed process that’s called halving, and we’ve already addressed it.

This will reduce the rewards that miners get for mining a block which in turn will reduce the rate of issuance.

Miners who are currently awarded 25 new LTC for every block they are solving will be only rewarded with 12.5 LTC for each block after the event takes place.

More experts have been saying that as the date gets closer, LTC’s market valuation is increasing and this leads investors to believe that there’s definitely a connection between the upcoming event and the market valuation of LTC.

The halving acts as a price catalyst

Charles Hayter, co-founder, and CEO of CryptoCompare, believes that this surge can be attributed to the upcoming block rewards reduction.

“The halving is acting as a price catalyst.”

The online publication talks about the flippening.

For this to happen “XRP will have to remain under the current price levels or suffer a significant drop in market valuation while LTC keeps going up,” they write.

CryptoSlate also brings up crypto analyst Galaxy which has already become famous and says that “there is a chance for XRP to retrace to the May 13 low of 40,250 satoshis to form a double bottom pattern before it increases in value.”

XRP should reportedly fall to $0.33, and LTC should surge to $225 in order to overtake XRP.

At the moment, XRP is priced just a bit over $0.40 and LTC is trading at $134.86 on CoinMarketCap.

News Source

Click to comment

Litecoin

Litecoin (LTC/USD) forecast and analysis on June 26, 2019

Published

on

Cryptocurrency Litecoin (LTC/USD) is trading at 135.15. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Litecoin (LTC/USD) forecast and analysis on June 26, 2019

As part of the Litecoin course forecast, a test level of 132.50 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 152.10. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at the level of 130.20.

Litecoin (LTC/USD) forecast and analysis on June 26, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing quotes pair below 128.50. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on June 26, 2019 implies a test level of 132.50. Further growth is expected to continue to the area above the level of 152.10. The conservative area for buying Litecoin is located area of 130.20. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 128.50. In this case, we should expect the continuation of the fall.

News Source

Continue Reading

Litecoin

Litecoin (LTC/USD) forecast and analysis on June 25, 2019

Published

on

Cryptocurrency Litecoin (LTC/USD) is trading at 134.08. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.

Litecoin (LTC/USD) forecast and analysis on June 25, 2019

As part of the Litecoin course forecast, a test level of 130.50 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 148.20. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 129.50.

Litecoin (LTC/USD) forecast and analysis on June 25, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below the area of ​​128.20. This will indicate a change in the current trend in favor of the bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on June 25, 2019 implies a test level of 130.50. Further growth is expected to continue to the area above the level of 148.20. The conservative area for buying Litecoin is located area of 129.50. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 128.20. In this case, we should expect the continuation of the fall.

News Source

Continue Reading

Litecoin

LTC/USD bulls are struggling to break down $500

Published

on

LTC/USD bulls are struggling to break down $500

  • Litecoin price on Monday late in the second half of the session is trading in negative territory down some 1.25%.
  • LTC/USD bullish pennant pattern can be viewed via the daily chart. 
  • A wave of selling pressure was seen in the session on Sunday, after a key near-term ascending trend line break. 

Spot rate:                 

Relative change:      -0.25%

High:                        136.88

Low:                         133.42

LTC/USD 60-minute chart

  • The 60-minute chart view shows the price consolidating within a bearish pennant. The price may be exposed to some further downside before another push north. 

LTC/USD daily chart

  • Price action is moving within a bullish penannt structure, subject to a potential breakout. 

Source

Continue Reading
Advertisement