{"id":383918,"date":"2019-05-27T17:00:48","date_gmt":"2019-05-27T17:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=383918"},"modified":"2019-05-28T06:16:53","modified_gmt":"2019-05-28T06:16:53","slug":"70-days-to-litecoin-halving-but-ltc-is-soaring-at-new-2019-highs","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/litecoin\/70-days-to-litecoin-halving-but-ltc-is-soaring-at-new-2019-highs\/","title":{"rendered":"70 Days to Litecoin Halving; LTC Soars To Fresh 2019 Highs"},"content":{"rendered":"
In the top 10, Litecoin is one of the top performers, surging 16.5 percent at the time of writing. Even so, we expect more gains in days ahead of August halving.<\/em><\/p>\n After a brutal 2018, Litecoin prices are once again, rallying. It\u2019s pure bliss for traders as well as investors who had to persevere the biting \u201ccrypto winter<\/a>.\u201d At the time of writing, Litecoin is trading at $117, leaping more than four folds five months after sinking to $22.<\/p>\n Behind this resurgence are supportive technical and fundamental factors. That\u2019s apart from the direct correlation LTC has with Bitcoin<\/a>, expanding as BTC close higher. However, and from dominant topics, the optimism has to do with August 19th, 2019 halving where supply-demand dynamics will kick in fairly valuing the asset.<\/p>\n Then, as hard-coded in the Litecoin<\/a> source code, miner rewards will be slashed from 25 LTC to 12.5 LTC<\/a>. Therefore, if what investors are expecting is true, then the resulting squeeze could renew interest in the medium of exchange coin, lifting prices towards $150 and even $200.<\/p>\n It is perhaps this anticipation that LTC is vibrant as buyers flock, thrusting prices above the psychological $100 mark.<\/p>\n <\/p>\n At the time of press, LTC is up 16.5 and 23 percent in the last day and week respectively. If anything, this is impressive. At the moment, the foundation of the next wave of higher highs that could see LTC spike as buyers flow ahead of halving is being laid.<\/p>\n Notice that from the daily chart, Litecoin is not only trading within a bullish breakout pattern after clearing $110, but after bouncing off 78.6 percent Fibonacci retracement level, it is at new 2019 highs.<\/p>\nLitecoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n