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1 year ago
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ARTICLE AD BOX
- Bullish LTC price prediction for 2023 is $79.12 to $95.17.
- Litecoin (LTC) price might reach $150 soon.
- Bearish (LTC) price prediction for 2023 is $56.22.
In Litecoin (LTC) price prediction 2023, 2024-2030, we will analyze the price patterns of LTC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
LITECOIN (LTC) PRICE PREDICTION 2023 |
|
| LITECOIN (LTC) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Litecoin (LTC) Current Market Status
| Current Price | $68.62 | 24 – Hour Price Change | 5.58% Down |
| 24 – Hour Trading Volume | $326,019,953 |
| Market Cap | />$5,077,191,445 |
| Circulating Supply | 73,993,477 LTC | All – Time High | $412.96 (On May 10, 2021) |
| All – Time Low | $1.1137 (On Jan 14, 2015) |
Litecoin 24H Technicals
(Source: TradingView)
Litecoin (LTC) Price Prediction 2023
Litecoin (LTC) ranks 18th on CoinMarketCap in terms of its market capitalization. The overview of the Litecoin price prediction for 2023 is explained below with a daily time frame.
LTC/USDT Ascending Channel Pattern (Source: TradingView)
In the above chart, Litecoin (LTC) laid out an ascending channel pattern. An ascending channel is the price action contained between upward-sloping parallel lines. Higher highs and higher lows characterize this price pattern. An ascending channel is used to show an uptrend in a security’s price. Ascending channels are short-term bullish in that a stock moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns.
At the time of analysis, the price of Litecoin (LTC) was recorded at $68.62. If the pattern trend continues, then the price of LTC might reach the resistance levels of $80.20, and $111.96. If the trend reverses, then the price of LTC may fall to the support of $65.39 & $57.58.
Litecoin (LTC) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Litecoin (LTC) in 2023.
LTC/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Litecoin (LTC) for 2023.
| Resistance Level 1 | $79.12 |
| Resistance Level 2 | $95.17 |
| Support Level 1 | $65.83 |
| Support Level 2 | $56.22 |
LTC Resistance & Support Levels
Litecoin (LTC) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Litecoin (LTC) are shown in the chart below.
LTC/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Litecoin (LTC) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $71.72Price = $70.34 (50MA > Price) | Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 45.29 <30 = Oversold 50-70 = Neutral>70 = Overbought | Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Litecoin (LTC) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Litecoin (LTC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
LTC/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Litecoin (LTC).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 13.32 | Weak |
| Relative Volatility Index (RVI) | Volatility over a specific period | 35.64 <50 = Low >50 = High | Low Volatility |
Comparison of LTC with BTC, ETH
Let us now compare the price movements of Litecoin (LTC) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs LTC Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of LTC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LTC also increases or decreases respectively.
Litecoin (LTC) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Litecoin (LTC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Litecoin (LTC) Price Prediction 2024 | $160 | $55 |
| Litecoin (LTC) Price Prediction 2025 | $165 | $50 |
| Litecoin (LTC) Price Prediction 2026 | $180 | $45 |
| Litecoin (LTC) Price Prediction 2027 | $200 | $40 |
| Litecoin (LTC) Price Prediction 2028 | $220 | $35 |
| Litecoin (LTC) Price Prediction 2029 | $250 | $30 |
| Litecoin (LTC) Price Prediction 2030 | $300 | $25 |
Conclusion
If Litecoin (LTC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Litecoin (LTC) price prediction for 2023 is $75 to $95.17. Comparatively, if unfavorable sentiment is triggered, the bearish Litecoin (LTC) price prediction for 2023 is $56.22.
If the market momentum and investors’ sentiment positively elevate, then Litecoin (LTC) might hit $150. Furthermore, with future upgrades and advancements in the Litecoin ecosystem, LTC might surpass its current all-time high (ATH) of $412.96 and mark its new ATH.
FAQ
1. What is Litecoin (LTC)?
Litecoin (LTC) is one of the pioneer cryptocurrencies that was launched in 2011 after Bitcoin. It operates based on the proof-of-work (PoW) consensus model. Litecoin (LTC) is “silver to Bitcoin’s gold”.
2. Where can you purchase Litecoin (LTC)?
Litecoin (LTC) has been listed mostly on all crypto exchanges – from Binance, OKX, Bybit, Cointr Pro, and DigiFinex.
3. Will Litecoin (LTC) reach a new ATH soon?
With the ongoing developments and upgrades within the Litecoin platform, LTC has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Litecoin (LTC)?
On May 10, 2021, Litecoin (LTC) reached its new all-time high (ATH) of $412.96.
5. What is the lowest price of Litecoin (LTC)?
According to CoinMarketCap, LTC hit its all-time low (ATL) of $1.1137 on January 14, 2015.
6. Will Litecoin (LTC) reach $150?
If the bullish trend continues and if Litecoin (LTC) retests its resistance levels, it will hit $150 soon.
7. What will be Litecoin (LTC) price by 2024?
Litecoin (LTC) price is expected to reach $160 by 2024.
8. What will be Litecoin (LTC) price by 2025?
Litecoin (LTC) price is expected to reach $165 by 2025.
9. What will be Litecoin (LTC) price by 2026?
Litecoin (LTC) price is expected to reach $180 by 2026.
10. What will be Litecoin (LTC) price by 2027?
Litecoin (LTC) price is expected to reach $200 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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