Forex and Crypto News

Litecoin almost exhausted the potential for the further growth

17:45 18 April /2019

After an aggressive growth in early April, the Litecoin almost stopped growing in the middle of this month, which led some analysts to announce the exhaustion of resources for a new jump.

Since the beginning of 2019, Litecoin (LTC) has almost doubled in price and set itself the task of overcoming the $100 milestone. At the beginning of April, the coin showed the growth, but it turned out to be much weaker than the previous ones, and now LTC is actually preparing for the sale.

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Today, the rate of Litecoin was $82,73 and the market capitalization was slightly higher than $4.931 billion. The coin is located on the sixth line of the TOP cryptocurrency rating.

BitOoda analyst Brian Donovan believes that the potential for maintaining the growth of Litecoin is almost completely exhausted. Therefore, in the very near future, we will have to wait for the beginning of the sale phase of the asset.

According to expert forecasts, the result of sales will be a decrease in LTC to $70-75. At $75, Litecoin will be able to hold on for some time, but then the negative trend will become dominant.

However, there are optimistic experts in the crypto-community who put on a Litecoin jump up to $100 and more.

One of them under the nickname Rhythm Trader posted a post on Twitter, in which he stressed that LTC is under pressure, and if the coin sustains it, it can show more impressive growth. In this case, there are real chances to overcome the psychological $100.

Aggressively-minded traders and analysts believe that the growth in demand for Litecoin will increase with the approaching of the date of the reduction of the LTC mining award in August.

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