Crypto Chart Analyst Peter Brandt: You Should Buy Ripple’s XRP and Litecoin (LTC)

Crypto Chart Analyst Peter Brandt: You Should Buy Ripple's XRP and Litecoin (LTC)
  • Litecoin (LTC) and XRP prices will likely go up significantly.
  • This, according to prominent Crypto trader Peter Brandt’s recent analysis which he shared via Twitter.

Many people follow cryptocurrency gurus in order to discover the best investments. They all have their hot takes and sometimes they are actually spot on in what is going to happen in the markets. Peter Brandt is often considered a very prominent crypto guru and he spoke on social media this week predicting the future of two popular crypto assets.

According to the crypto specialist, both Litecoin (LTC) and Ripple’s XRP token are going to get price increases soon.

He has affirmed that Litecoin will grow against Bitcoin soon and that the prices of the XRP tokens are also bound to increase in the next couple of months, reaching a price between $0.5688 and $0.6260 USD.

Litecoin To Go Up In August

While the expert did not talk a lot about XRP, which was only mentioned when he affirmed that prices would go up, he did talk about Litecoin and how the asset is ready for the price increase in August.

Both tokens were trading very well this morning, which is a signal that their price might start to enter full bull run mode soon. Litecoin was up by 9% this year while XRP was up around 5%. These were the two best assets at the time. Both of them remained in the Top 10 list of crypto assets, too, and were the best-performing ones.

Another point that should be taken into account is that Litecoin is going to halve its block rewards in August, which is certainly affecting prices. The halvings happen from time to time and they cut the block rewards by half, meaning that mining will become less profitable as time passes. This generally pushes the price of the tokens upward.

The other halving will be Bitcoin’s, which is set to happen next year and will possibly impact the whole market since the crypto market generally does well when Bitcoin is doing well.

Nobody is really sure how the halving will impact the assets, though. There some strong consensus that they will go up, but how much? Some people say that the asset, which is now trading around $112 USD, can go as high as $1,000.

All of Today’s Litecoin (LTC) Price Analysis, Chart Forecasts and Industry News

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Author: Gabriel M

Why is Bitcoin’s Price and Cryptocurrencies Expanding So Strong These Last Months?

Why is Bitcoin's Price and Cryptocurrencies Expanding So Strong These Last Months?
  • Digital currencies continue to expand in the cryptocurrency market
  • Bitcoin, Litecoin, Binance Coin and Tron are some of the best performing cryptos

Bitcoin (BTC) is getting close to $9,000 and the sentiment in the market remains very positive for several virtual currencies. However, not only is the price of Bitcoin currently in a gowing trend, there are other virtual currencies that are also showing their strengths, including Litecoin (LTC), Binance Coin (BNB) and Tron (TRX), among others.

Digital Currencies Continue To Expand

The virtual currency market is being flooded by positive sentiment due to different factors and announcements. Bitcoin has been receiving large amounts of funds from large investors, usually called whales, that are trying to store Bitcoin for the upcoming bull run.

After the spike that Bitcoin experienced a few days ago in which it surpassed $9,000, the network has seen nine large transactions. A whale moved over 27,000 BTC worth $236 million in separate transfers. However, one of these transactions of 1,500 BTC was transferred to a crypto platform. This could mean that the user was trying to sell the coins after this spike.

Litecoin is also moving forward. The digital currency has experienced a very large price increase since it bottomed in December 2018. Indeed, it grew over 420% since that moment, showing that there is a lot of buying pressure behind this digital currency.

The main catalyst behind this price increase in Litecoin is related to the fact that the digital currency is going to experience a halving as soon as in August 2019. Litecoin miners are going to be receiving 12.5 LTC per block when they currently receive 25 LTC. This is going to be very bullish for Litecoin’s price because there will be a slower issuance of LTC and if the demand for the virtual currency grows, the cryptocurrency is expected to register new highs.

At the same time, the Litecoin Foundation and developers are working in order to bring fungibility to Litecoin. This is also very positive for the digital asset and could help the digital currency to reach new users around the world.

Binance Coin, that has been created by the crypto exchange Binance, is also reaching new all-time highs. The digital asset moved from $4.5 to over $30 in 6 months. Binance has been working on different projects that give more utility to the virtual currency that now can be used to pay for fees at the Binance exchange, to power the Binance DEX, and to participate on the Binance Launchpad.

The digital currency could continue to grow in the future as analysts believe that the use cases related to it are going to increase.

Tron is also expanding in the market with an announcement that Justin Sun has recently made. He said that they will be informing the community about a project they are now working on and that it is related to BitTorrent (BTT).

Justin Sun is the CEO of Tron and BitTorrent. He is known for using social media in a very strategic way. He announces new partnerships, developments and how Tron and BitTorrent continue to expand around the world.

Currently, Bitcoin has a market capitalization of $154 billion and a price of $8732. Litecoin is the 6th largest crypto, it has a market capitalization of $7.17 billion and each LTC can be purchased for $115. Binance Coin comes after Litecoin in terms of market capitalization with a valuation of $4.73 billion. Each BNB can be purchased for $33.51. Finally, in the 10th position comes Tron with a market cap of $2.7 billion and price per coin of $0.04.

Bitcoin’s price is $8,748.36 BTC/USD exchange rate today. The real-time BTC market cap of $155.17 Billion currently ranks #1 with a chart dominance at 56.02%, daily trading volume of $5 Billion and live coin value change of BTC 2.12 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$8,748.3608 change ~ 2.12%

Coin Market Cap

$155.17 Billion

24 Hour Volume

$5 Billion

24 Hour VWAP

$8.69 K

24 Hour Change

$185.4545

“}” data-sheets-userformat=”{“2″:14849,”3”:{“1″:0},”12″:0,”14″:[null,2,0],”15″:”Open Sans”,”16″:11}”>Bitcoin’s price is $8,748.36 BTC/USD exchange rate today. The real-time BTC market cap of $155.17 Billion currently ranks #1 with a chart dominance at 56.02%, daily trading volume of $5 Billion and live coin value change of BTC 2.12 in the last 24 hours.

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Author: Carl T