NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Analysts Expect Litecoin to Incur Further Gains Despite Crypto Market Downturn, Here’s Why

Cole Petersen
Cole Petersen
6 years ago
2 mins read
Litecoin LTC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Litecoin (LTC) has been incurring significantly bullish price action over the past several weeks, marking a continuation of the significant gains it has incurred so far this year. The primary factor driving the recent gains, it seems, is its upcoming mining reward halving, which is widely viewed as a bullish event.

Now, analysts believe that Litecoin could incur further upwards momentum in the near-future, which may allow it to continue setting higher highs.

Litecoin Surges to Fresh Year-to-Date Highs

At the time of writing, Litecoin is trading up over 7% at its current price of $136 and is up significantly from its 24-hour lows of below $125.

While looking at the cryptocurrency’s price action over a longer time frame, it quickly becomes apparent as to just how bullish LTC has been compared to the rest of the markets.

In mid-December of 2018, Litecoin plummeted to lows of $23, which coincided closely with the entire market downturn that sent Bitcoin reeling to lows of roughly $3,000. Since then, Litecoin has skyrocketed higher, and is continuing to set fresh year-to-date highs.

Although many analysts grow weary of cryptocurrencies that surge while the rest of the markets are caught in a price lull, LTC may be an exception, due to its upcoming mining reward halving that is currently set to occur in the next couple of months.

Luke Martin, a popular cryptocurrency analyst on Twitter, spoke about Litecoin in a recent tweet, explaining that he believes LTC could surge past 0.0182 BTC in the near future, which is above its current price of 0.0172.

“LTC momentum continues. Still think it can reach the .0182 swing high. Plenty of time to break past that as well imo,” he noted.

$LTC momentum continues.

Still think it can reach the .0182 swing high. Plenty of time to break past that as well imo. pic.twitter.com/mnW1dzM3Ca

— Luke Martin (@VentureCoinist) June 11, 2019

Analyst: LTC May Jump To $150 in Near Future

Martin is not alone in his belief that Litecoin may surge higher in the near future, with another popular analyst explaining that he believes the crypto could surge to $150 next.

Harry, a popular analyst who focuses primarily on XRP’s price action, spoke about LTC in a recent tweet, noting that it may continue surging higher as anticipation for the halving event balloons.

“$LTC similar structure to $ETH where I picked sell off’s in the $270 range. I’m putting this one out early, take a good look at the chart and potentially consider some incremental selling in the $140-150 range. Shorts are going to be very active there,” he noted.

$LTC similar structure to $ETH where I picked sell off's in the $270 range. I'm putting this one out early, take a good look at the chart and potentially consider some incremental selling in the $140-150 range. Shorts are going to be very active there @360_trader x

— Harry 🪝🏴‍☠️ (@HaraldoXRP) June 11, 2019

It is important to note that LTC is currently moving independently of the aggregated crypto markets, which may mean that Bitcoin will likely have little impact on where it goes next.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

트럼프, 백악관 연설서 비트코인 지지… BTC불 토큰 수혜 볼까?

트럼프, 백악관 연설서 비트코인 지지… BTC불 토큰 수혜 볼까?

도덜드 트럼프(Donald Trump)가 백악관 기자회견에서 비트코인을 다시 극찬하며 지지 입장을 밝혔다. 그는 비트코인이 ‘놀랍다’고 표현하며 경제 전반에서...

Soyeon Lee 2 hours ago
XRP

Insane Or Insightful? VC Firm Says XRP Could Reach Nearly $9,000 In Just 5 Years

US regulators and market watchers are eyeing a fresh valuation study that puts XRP on track for a dramatic price...

Christian Encila 3 hours ago
Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation

Ethereum is trading above $2,400 after enduring several days of volatility and uncertainty. The price has managed to stabilize despite...

Sebastian Villafuerte 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Альткоины усиливают позиции на фоне стабильности Биткоина

lisachaikina 7 minutes ago
제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

제미니, 비트코인 대량 보유한 MSTR 주식 토큰화… 다음 유망 알트코인은?

Soyeon Lee 2 hours ago
Dogecoin

Dogecoin Under Pressure: Only Top 10 Coin Where Loss-Taking Exceeds Profit

Keshav Verma 2 hours ago

Premium Sponsors

Press Releases

  • Bitcoin Eyes $112K on Fed Cut Bets and ETF Frenzy

    46 minutes ago
  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    13 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    14 hours ago
  • Най-добрите криптовалути преди...

    14 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.