The cryptocurrency markets took a beating in 2018, but after the incredibly sharp run-up they had in 2017, something had to give.
After all, investors can get far too excited about any market, especially one that covers a new technology and possibly a revolutionary change in commerce. They push prices well above real value and the market eventually corrects, bringing prices back into more of an equilibrium.
However, the correction we’ve just seen, even one of great magnitude, sets the table for a more sustainable bullish trend.
In fact, cryptocurrency experts are predicting another rally in 2019, and we want so show you exactly how high prices could rise.
Let’s take a quick look at why prices are down, and then we’ll turn to the latest cryptocurrency price predictions for 2019…
Why Bitcoin Prices Are Down
In addition to the speculators selling, there are two reasons why crypto prices declined this year.
One such negative catalyst was that the U.S. Securities and Exchange Commission (SEC) rejected Bitcoin ETFs. Pundits viewed this as a failure of the market to accept widespread investment in all cryptos.
Plus, investors did not trust exchanges to hold their wealth securely, which put downward pressure on prices.
See Why Bitcoin Is Far from Dead: Cryptocurrency legend Michael Robinson just revealed why Bitcoin could be poised for a record-breaking rebound. Before the mainstream public gets any wiser, you need to see this now.
CNN reported that $731 million worth of cryptocurrencies were stolen from crypto exchanges in the first half of 2018. It’s no wonder investors ran away.
Still, big corrections are good. They wash away the fast-money speculators, leaving the market to true investors and believers in cryptocurrencies.
We remain bullish on cryptos going forward, which is why we wanted Money Morning readers to see these crypto price predictions for 2019.
You’ll see there’s plenty of profit to be made for investors who get back into the market right now…
Where Litecoin Prices Are Headed in 2019
Litecoin (LTC) is now down 93.7% from its peak but has traded up from its lows in recent weeks.
Now trading at $30.16 a coin, there is a wide range of viewpoints on where it could go next.
The lowest price target on Finder.com for Litecoin in 2019 is $40. That’s a potential gain of 32.7%.
However, four others predict an average gain of 114.5%. Recall that it peaked at $420 about one year ago, so that sort of rally is more than plausible.
Still another expert has a more aggressive target of $150 a coin for a gain of about 400%. That would be a great haul for Litecoin owners, but we can bank some impressive profits with some of the more “average” predictions.
Ethereum Price Predictions for 2019
Ethereum (ETH) dropped 92.5% from its Jan. 13, 2018, peak of $1,419.96 and now trades at $106.32 per coin.
Once again, Finder.com offers a wide range of predictions. The lowest of $240 would result in a gain of 125.7%.
But again, there are other predictions, ranging from a low of $360 to a high of $550. The average of that group looks for a price target of $446.70, which would result in a whopping gain of 320.1%.
Keep in mind that a price of $446.70 is still only a recapture of about two-thirds of the all-time high price. In other words, we can make money even if Ethereum only rallies a few hundred dollars and not a few thousand.
And we’re most excited about Bitcoin in 2019…
The Top Bitcoin Price Predictions for 2019
The most widely watched crypto, Bitcoin (BTC), peaked at $19,666.00 on Dec. 17, 2017, and then gave up 80.4% to fall to its recent price of $3,856.68.
But its loss wasn’t nearly as bad as other coins. Analysts call this relative strength, and despite the actual losses, it creates a silver lining for investors.
In any market, the investments that hold up best during declines tend to lead when conditions improve. That gives bitcoin a slight edge over the others.
The lowest price target on Finder.com for Bitcoin in 2019 is $7,000. That would be a potential gain of 81.5% from current levels. Note again that this target is not even close to last year’s high, yet it could nearly double your money.
The rest of the field has targets ranging from $8,100 to $22,000 by year end for an average of $13,791 and potential gain of 257.6%. Again, that is still not close to Bitcoin’s all-time high.
But Nerijus Tilvikas, the COO of the cryptocurrency exchange Tokia.io, believes that by Dec. 31, 2019, the price of BTC will climb to $50,000.
And yet that still might be too conservative…
The Shocking Reason Why We Think Bitcoin Could Hit $100,000 (and How You Could Make Millions)
Cryptocurrency legend Michael Robinson just revealed the little-known details regarding the future of Bitcoin… and why at any moment, it could be poised for a record-breaking rebound far beyond anything we’ve witnessed already.
Michael made a prediction about Bitcoin way back in 2013 – and folks who followed his advice stood to become 253 times richer. I’d venture to say not one in 10,000 people is aware of the massive profit potential unfolding right now.
Before the mainstream public gets any wiser, you need to see this now.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
This post is from MoneyMorning. We encourage our readers to continue reading the full article from the original source here.