Litecoin Price Prediction 2023: LTC Crypto to Rally in 2023

Litecoin price prediction suggests the token’s recovery phase over the daily time frame chart.
LTC crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average.
The pair of LTC/BTC is at 0.004523 BTC with an intraday drop of 3.33%.

The daily time frame chart of the token’s recovery rate is suggested by the Litecoin price prediction. After collapsing from a rising wedge pattern on the daily time frame chart, LTC cryptocurrency has been attempting to recover. The volume change, which is now below average, must increase for LTC cryptocurrency to bounce back over the chart’s daily time frame. Over the daily time frame chart, LTC needs to amass more buyers during the intraday trading session.

On the previous day, Litecoin’s market capitalization increased by 0.65% and the price was $84.60. The intraday trading session saw a 57% rise in trade volume. This shows that customers are coming in for a throttle.

On the daily time frame chart, the Litecoin price prediction indicates the token is in a recovery phase. However, in order for LTC to explode with significant rising momentum over the daily time frame chart, trading volume must increase. It is now below average. In the meantime, the value of LTC has risen above the 20, 50, 100, and 200-day Daily Moving Averages.

What do Technical Indicators suggest about Litecoin Price?

On the daily time frame chart, technical indicators point to the momentum of the token’s downward trend. The momentum of the LTC coin downturn is demonstrated by the Relative Strength Index. At 60, the RSI is heading in the direction of neutrality. The LTC cryptocurrency’s decline momentum is visible on MACD. In preparation for a negative crossing, the MACD line is above the signal line but is descending in its direction. Litecoin investors must watch the daily time frame chart for any directional changes.

Summary

The daily time frame chart of the token’s recovery rate is suggested by the Litecoin price prediction. After collapsing from a rising wedge pattern on the daily time frame chart, LTC cryptocurrency has been attempting to recover. On the daily time frame chart, the Litecoin price prediction indicates the token is in a recovery phase. On the daily time frame chart, technical indicators point to the momentum of the token’s downward trend.

Technical Levels

Support Levels: $75 and $65

Resistance Levels: $90 and $100

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading any assets comes with a risk of financial loss.