Litecoin Price Prediction for 2019
Litecoin Price Prediction for 2019
We did a bit of analysis ourselves and we saw that Litecoin can easily increase to $200 or more in 2019. Litecoin�s evolution in 2019 was strong and show a few signs of a recovery after the massive drop. Litecoin dropped from $330+ in December 2017 to $24 in December 2018. But now, the signs or recovery are here. "Litecoin Price Prediction for 2019"
First of all, Litecoin�s price is almost double since its December 2018 price � a slow growth on a 3 months period. With its February rally, Litecoin took back the #4 spot on CoinMarketCap. Litecoin passed EOS and Bitcoin Cash and sits way behind Ripple (XRP) right now. But the situation could change in the future.
Our Litecoin price prediction is based on the positive moment that the market has received lately but also on the fact that Litecoin�s halving is coming this August. According to LitecoinBlockHalf, there are 151 days until the halving. The halving will reduce the amount of Litecoin mined per block, reducing inflation. Right now, there�s a 9% inflation for Litecoin per year. The halving is supposed to reduce this amount to 4.26%. This means that the current 14,400 Litecoins mined per day will reduce to 7,700 per day. And usually, halvings have a massive impact on the price.
How hard could the halving affect the price? Let�s take a look at what happened in 2015 � at the last Litecoin halving:
This is what happen before the August 2015 Litecoin halving. A massive increase in price as less and less Litecoin would have been available daily. This makes us believe that in August or prior to that, Litecoin�s price will increase massively. At the time of the halving, litecoin�s top value was $7.76. Two months prior to the halving the price was only $1.45. This is an important factor in our Litecoin price prediction.
Including the fact that Litecoin made cooperation with Beam to work on a mimblewimble protocol for Litecoin � this could increase Litecoin�s usefulness worldwide. Mimblewimble is a protocol made for privacy � one of the things that matters and one of the things that Satoshi cared about. If Bitcoin�s little brother could adopt a privacy protocol � we could also see a movement in the price as it would probably be among the fastest privacy cryptocurrencies worldwide � and one of the most used ones.
Another thing that matters in our litecoin price prediction is the volume per day. Litecoin�s volume doubled over the last month. In February, we could see $1.2 � $1.4 billions of dollars transacted daily trough Litecoin�s blockchain. Now? The current volume is $2.2 Billion and it seems that the volume is growing.
Litecoin managed to have a bigger market cap right now than BCH & BSV combined. This is another bullish thing for Litecoin as its slowly advancing to the #3 spot on CMC. Sitting at a few hundred dollars above EOS � Litecoin�s small but slowly increase could turn out to be the start of a bullish year.
