It was a rough year for Litecoin fans, with the price of LTC dropping 85% from Jan. 1, 2018, to Nov. 29, 2018. But just like with any bear market, we could see Litecoin prices rebound in the next year.
That’s why we had to make sure you saw the latest Litecoin price predictions for 2019.
The lowest price target on Finder.com for Litecoin in 2019 is $40. From today’s (Nov. 29) price of $33.68, that’s a potential gain of just 18.76%.
However, there’s one LTC price prediction for 2019 that is so bold, you won’t believe it until you see it.
We’re going to share that prediction in just a minute.
But first, we’re going to answer some of the most common questions we’ve received about Litecoin heading into 2019…
Why Did Litecoin Prices Drop in 2018?
As we mentioned earlier, the cryptocurrency market is bearish right now.
One of the reasons for the bearish sentiment is Bitcoin ETFs were rejected by the U.S. Securities and Exchange Commission (SEC). Crypto investors were hoping an ETF would lure new money into the market, according to Money Morning Cryptocurrency Expert David Zeiler.
“A Bitcoin ETF would help bridge the gap by allowing these large investors to gain exposure to Bitcoin without the hassle of owning it outright. At the same time, it will open the door to a class of investors whose presence will help fortify and stabilize the Bitcoin markets,” Zeiler said on Sept. 17, 2018.
Stunning: New innovation will be like “adding twin turbos to the Bitcoin engine” – and could send its price to $100,000. Learn more…
But the SEC isn’t ready for a Bitcoin ETF, which means cryptocurrency investors still have to wait for new money to hit the market.
Also, high-profile hacks of cryptocurrency exchanges in the past year have undoubtedly made investors fearful of using exchanges and storing crypto.
As of July 4, 2018, $731 million worth of cryptocurrencies were stolen from crypto exchanges in the first half of 2018, according to CCN.com.
The Japanese cryptocurrency exchange Zaif was hacked on Sept. 19, 2018, and $59 million worth of crypto was taken.
Finally, the massive run-up of crypto prices in 2018 was so astounding that the market needed a cooldown.
BTC prices traded for $963.66 on Jan. 1, 2017, and climbed 1,364% to $14,112.20 by Jan. 1, 2018. LTC prices climbed even higher, trading for $4.33 on Jan. 1, 2017, and reaching $231.67 on Jan 1, 2018.
That’s an astonishing gain of 5,250%.
Early crypto adopters cashed out their profits and became multi-millionaires.
But now that prices have plummeted back to earth, we’re getting a lot of questions about whether Litecoin is a good investment to make in 2019…
Should I Buy Litecoin in 2019?
There are two reasons to buy LTC right now.
The first is if you believe cryptocurrencies and tokens are the future, you can buy some and spread the adoption of crypto.
By owning and using Litecoin, you can help make its widespread adoption a reality.
This is a list of vendors that accept LTC as payment, to get you started.
The second is to invest in the currency in the hopes of making a profit.
Right now, all investments in cryptocurrencies should be considered speculative.
You should never invest what you can’t afford to lose.
If you just want to be an investor and speculate on the price of Litecoin in 2019, you can open an account on Coinbase.
We also have a list of seven other cryptocurrency exchanges, as a service to Money Morning readers, to review right here.
And if you want to know if now’s the right time to buy, let’s jump right in and look where analysts see prices heading in the next year…
Here’s Where LTC Prices Are Headed Next Year
As we mentioned earlier, all six crypto experts see the price of Litecoin going up in 2019.
Joseph Raczynski, a technology consultant and manager specializing in blockchain, believes LTC will reach $40 by Dec. 31, 2019.
That was the lowest projection of the group.
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But this next Litecoin price prediction is massive…
Tiana Laurence is a blockchain investor and start-up founder. She is also the author of “Blockchain for Dummies.”
And she believes that by Dec. 31, 2019, the price of LTC will climb to $150. That’s a potential profit of 345%.
Of course, we uncovered an even bolder cryptocurrency price prediction that you can’t afford to miss…
The Crypto Party Is Far from Over
Bitcoin is expected to undergo a massive upgrade – and it could kick off a price surge all the way to $100,000.
Cryptocurrency expert Michael Robinson has put together a special report on a unique strategy that could help you pocket one windfall after another not just on Bitcoin, but on all the cryptos he’s following now.
To get step-by-step instructions on how you could become the next crypto millionaire, click here now…
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