Litecoin Price Prediction and Technical Analysis for June 1416

A lot of cryptocurrency traders have high expectations for the many different altcoin markets. It is certainly true some interesting trends have become apparent, albeit it remains to be seen how things will play out. As far as the Litecoin price is concerned, reaching $150 is not out of the question, but it might not necessarily happen right away.

Over the past few weeks, there has been a rather steep uptrend as far as the silver to Bitcoin’s gold is concerned. Whereas it seemed as if the price would remain near the $70 level for some time to come, the market shot up rather quickly. Several weeks later, the Litecoin price sits at just under $130, which is nearly a 100% gain in just over a month. For speculators and traders, that is great news, but one always had to wonder if such a trend is sustainable.

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