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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 to 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…