Positive news has spread in the crypto market today as the market has seen a sea of green. Litecoin [LTC] prices have recovered and have resumed a stable uptrend. the prices are exhibiting a short consolidation phase at the time of writing.
LTC prices found support at $57.188 and are exhibiting wavering seller and buyer pressure. The prices are currently trading at $57.665 and are losing against USD by 0.40%. The prices are well above the 100 EMA line trading at $56.97. The MACD represents a bullish momentum for the prices. The prices have broken out twice from the current resistance level which is traced at $57.784 but seller pressure seems to suppress the prices.
See Also: Global Litecoin Summit 2018: Speakers, topics of discussion, date, venue and other details
Currently, one LTC is equal to 0.00857834 BTC and is losing against BTC by 0.94%.
Litecoin Price Predictions 2018, 2020
According to Smartereum, many in the crypto community believe that the crypto could potentially end the year at around $600 or so. Going by a forecast by investingpr.com, the price of the coin could reach up to $1,000 by this year.
Steemit.com has predicted that the digital asset could reach $3,500 by the year 2020 while Longforecast.com expects the virtual currency to be in the range of $780-$1,374 in 2020.
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