Litecoin (LTC) has been performing well lately. The reason behind this is the calculation of half in August 2019. As this date approaches, there will be a lot of FOMO around LTC and will cause a large price increase.
This FOMO will be driven by the fact that the previous block which halved bitcoin (BTC) and Litecoin (LTC) has caused a huge price increase in the past.
This expectation makes Litecoin (LTC) a solid purchase with current prices, given that the trade is at its lowest point in a year.
At present, even if a further decline is likely to be up to $ 39, along the 200-day moving average, which is a long-term support level. Such a decline will be ignored in percentage, relative to the potential increase until 2019.