Litecoin Price Prediction 2023: LTC Crypto to Recover Maximum During 2023, Might Reach $150

Litecoin price prediction 2023 suggests the token’s maximum recovery of LTC cryptocurrency during 2023.
LTC crypto recovered above 20, 50, 100 and 200-days Daily Moving Average.
LTC Crypto might recover towards $150 as soon as it breaks out of the $100 price level, says analysts from a big crypto firm.

Litecoin price prediction 2023 suggests the token’s maximum recovery to reach $150 during 2023. Meanwhile, LTC crypto went through some interesting patterns over the daily time frame chart. At first Litecoin price started falling through a descending wedge and then consolidated for a while over the daily time chart. After that LTC crypto finally started its recovery phase and entered into a rising parallel channel and is now trying to continue its recovery by maintaining itself inside the channel. Analysts from a big crypto firm speculate that LTC cryptocurrency might recover towards $150 price level as soon as it sustains above $100 during 2023.

Litecoin price was at $97.35 and has lost 1.28% of its market capitalization during the day’s trading session. Trading volume has decreased by 20% during the intraday trading session. This demonstrates that sellers are currently trying to pull LTC crypto towards the lower trendline of the rising parallel channel. Volume to market cap ratio was at 0.05735.

Litecoin price prediction 2023 indicates that LTC token price might recover with strong uptrend momentum over the daily time frame chart. LTC crypto needs to maintain its recovery inside the parallel channel. However, volume change can be seen below average and needs to grow for LTC to recover itself. LTC crypto recovered above 20, 50, 100 and 200-days Daily Moving Average. LTC crypto price has been fluctuating in the price range of $96.24 and $98.88.

Litecoin Price Prediction 2023: Astonishing Recovery Record of LTC

Litecoin price prediction 2023 showcases the maximum growth of LTC cryptocurrency during the year 2023. Meanwhile, LTC crypto’s growth can be expected while looking upon its incredible track record as LTC has gained 8.27% during last week and 30.89% in the period of a month.

Litecoin price has recovered itself the most around 42.28% in the last quarter. To add up, the Litecoin price has gained around 55.12% in the last six months. Litecoin price has recovered 38.54% year to date. This stats confirms the astonishing recovery record of LTC crypto over the charts.

Will LTC Crypto Continue its Recovery?

Litecoin price prediction 2023 showcases the token’s recovery over the daily time frame chart. Technical indicators suggest the token’s downtrend momentum inside the parallel channel.

Relative Strength Index showcases the downtrend momentum of LTC inside the channel. MACD exhibits the downtrend momentum of LTC coin. The MACD line is about to cross the signal line for a negative crossover. Investors in LTC crypto need to wait for any directional change over the daily time frame chart.

Summary

Litecoin price prediction 2023 suggests the token’s maximum recovery to reach $150 during 2023. Meanwhile, LTC crypto went through some interesting patterns over the daily time frame chart. However, volume change can be seen below average and needs to grow for LTC to recover itself. Technical indicators suggest the token’s downtrend momentum inside the parallel channel. Investors in LTC crypto need to wait for any directional change over the daily time frame chart.

Technical Levels

Support Levels: $93.00 and $90.00

Resistance Levels: $102.00 and $115.00

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 crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing