The start of this weekend is one of the best the digital currency space has ever seen. Almost all the top digital currencies in the market are now trading in the green. The weekend started bullishly for the crypto market, some digital currencies are also testing new yearly highs. The short-term Litecoin price prediction 2019 of $80 was also attained due to sharp price recovery in the market. The price of Litecoin (LTC) is still on the rise and it looks set to test new highs this month. The price of Bitcoin (BTC) also just hit its all-time high this year.
BTC USD price is now over the $6k level, which is the short-term Bitcoin price prediction 2019. The only digital currency among the top five that seems to be lacking behind in this sharp price recovery is XRP (XRP), as it is still trading around the 30 cents. The massive increase in the prices of digital currencies has resulted in an increase of over $9 billion in the overall market cap over the past day. The trading volumes of digital currencies are also very high, with Bitcoin (BTC) seeing a daily trading volume of over $20 billion.
Can Litecoin Hit the $100 Level After Breaking the Short-Term Litecoin Price Prediction?
The price of Litecoin (LTC) is also having a pretty great time in the crypto market. LTC USD price has been struggling below the $80 level over the past month. While the price of Litecoin surged towards that level on the 1st of April, it not been able to test that level since then. Litecoin has been experiencing some ups and downs in its price over the past weeks. The price of Litecoin (LTC) even plunged towards the $55 level.
While Litecoin was struggling around the $60 level, our short-term prediction was the $80 level. It took a couple of weeks, but finally, the short-term Litecoin price prediction of $80 was attained. Can Litecoin maintain its gains? Can the price of Litecoin hit the $100 level by the end of this month? What is Litecoin price prediction for May?
Litecoin Foundation Partners with Cobo to Introduce a Cryptocurrency Tablet – Will this Partnership Push the Price of Litecoin Further?
The Litecoin Foundation recently collaborated with Cobo to introduce a digital currency tablet. With the tablet, users can secure recovery phrases for open source wallets. It provides a safe way of storing the digital currency pass-phrases that are generally prone to damage and theft if not stored properly. The tablet is water resistant, corrosion and acid resistant, and it is made with six-series aluminum used on aircraft.
☑️ Secure your crypto on your own terms
☑️ Don’t rely on paper storage for your seed/recovery phrases
☑️ Support the Litecoin Foundation! pic.twitter.com/8DIOirSw6r
— Litecoin Foundation (@LTCFoundation) May 3, 2019
The partnership between Cobo and Litecoin will be of great benefit to both brands. It will increase their global presence as well as adoption. The more investors get to know about Litecoin and its potential, the more its adoption will increase. This would result in a significant increase in the price of the coin.
Litecoin (LTC) Price Today – LTC / USD
At the press time, LTC USD live price is $82 after an increase of more than five percent over the past twenty-four hours. The current market cap of the digital currency is $4.78 billion. The trading volume of Litecoin over the past twenty-four hours is $3.98 billion.