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: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions
  • 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: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions

Litecoin Hits 13 Month High as Halving Fomo Mounts, Where Next For LTC?

Martin Young
Martin Young
6 years ago
2 mins read
litecoin

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.

Crypto markets in general have been in consolidation for over a week, largely waiting for Bitcoin to make its next move. Litecoin, however, has not been waiting around as it continues to surge hitting a new high for over a year.

Yesterday’s green has been followed by today’s red for Bitcoin and the majority of altcoins. The only one bucking the trend is Litecoin which continues to push higher as halving fomo intensifies. A few hours ago during early Asian trading LTC hit $140, its highest price since mid-May 2018. The move has added a further 10 percent to Litecoin over the past few hours. It has since leveled out at around $139.

litecoin
Litecoin prices 24 hours – coinmarketcap.com

Market cap has now reached $8.6 billion eclipsing both Bitcoin Cash and EOS which were above LTC just a few weeks ago. Daily volume is at $5.6 billion and there seems to be no stopping the Litecoin train at the moment.

Litecoin’s Next Move?

Traders and analysts are looking towards the charts again for possible areas of resistance and profit taking opportunities. Trader ‘CryptoFibonacci’ has found some short term resistance where the Fibonacci levels line up;

“Very impressive, but running into some short term Fib extension resistance. Could still hit mid 140’s, but I expect a retrace here in the next couple of days.”

$LTC Daily Chart.

Very impressive, but running into some short term Fib extension resistance. Could still hit mid 140's, but I expect a retrace here in the next couple of days.#LTC pic.twitter.com/6NzdCs24Y1

— CryptoFibonacci (@CryptoFib) June 12, 2019

The next major area analysts are expecting for LTC is $150 where a lot of short term traders will be taking profits. The will cause a pullback which is inevitable. For now at least Litecoin appears to have decoupled from Bitcoin and is making independent progress while its big brother failed to break out of its range bound channel.

Trader Josh Rager has also been eyeing the charts and has noticed that the $150 area is significant both technically and psychologically;

“All you Litecoin fans must be happy about LTC breaking the current resistance on the daily. $125 has now flipped to support. Wouldn’t be surprised if LTC made its way up to $150 which will be strong resistance on the weekly and psychological take profit area,”

Halving in 54 Days

Litecoin halving is now only 54 days away and while the likelihood of a correction before then remains high, the price could be driven a lot higher on the wave of fomo currently going on. LTC father Charlie Lee has been pretty quiet lately but has certainly not ignored the epic performance of his baby posting this mining profitability update a couple of days ago;

Litecoin block halving is in 56 days! https://t.co/EBWbsIUp47

Here are some stats on mining profitability. After halving, miners are still profitable with electricity under 10¢. Many are paying only 5¢ and therefore should keep mining LTC post-halving. (https://t.co/AcQPEjdNtb) pic.twitter.com/VtA9aAv7FS

— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) June 10, 2019

Litecoin has blitzed its brethren and has been one of the top performing crypto assets of 2019. Since January 1 LTC has surged over 350 percent and it is now back to around 60 percent off its all-time high, which is way better than some of the others still languishing at 80 percent down. $150 Litecoin is not far away and the possibility of $200 before halving remains strong.

Image from Shutterstock
Tweet123Share221ShareSend
Martin Young
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

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

BTC, Bitcoin

Bitcoin On The Cusp Of New Price Discovery Rally: Analyst Forecasts Mid-November Peak

As the market recovers, Bitcoin (BTC) is kicking off the weekend on a positive note by reclaiming another crucial support...

Rubmar Garcia 7 hours ago
ChatGPT voorspelt Cardano Koers, PI koers en XRP koers.

ChatGPT voorspelt XRP, Pi Coin en Cardano koers pump in 2025

De bekende crypto AI ChatGPT heeft nieuwe koersinzichten gegeven voor enkele grote tokens. ChatGPT voorspelt onder meer dat de XRP...

Lars Diederiksen 7 hours ago
Binance Coin BNB BNBUSD

Binance Coin (BNB) Eyes Ethereum’s Lead After Surging Past $1,100 With 6% Rally

Binance Coin (BNB) has kicked off October with impressive momentum. After climbing more than 6.5% in 24 hours, BNB surged...

James Halver 8 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

Bitcoin

Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead

Christian Encila 1 hour ago
Bitcoin

Bitcoin’s $117k Reset Unlocks Path Toward ATH As Bullish Structure Strengthens

Semilore Faleti 2 hours ago
Bitcoin

Bitcoin Faces Key Levels: $125k Resistance Vs $118k Support – Details

Semilore Faleti 5 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ10月4日版 ― 投資家が見るXRP、ソラナ、カルダノ

    仮想通貨おすすめ10月4日版 ―...

    5 hours ago
  • 仮想通貨投資で今注目すべき銘柄:アルトシーズン到来

    ...

    5 hours ago
  • ドージコイン価格予測と仮想通貨1000倍の可能性を秘めた新興トークン

    ...

    5 hours ago
  • ...

    6 hours ago
  • Uptober に注目すべきアルトコイン:1000倍が期待される仮想通貨とは

    Uptober...

    6 hours ago

Newsletter

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.