- Litecoin price prediction showcases the upside trend of LTYC crypto over the daily time frame chart.
- LTC crypto is trying to remain above 50, 100 and 200-days Daily Moving Average while the cryptocurrency has slipped below 20-days DMA.
- The pair of LTC/BTC was at 0.004058 BTC with an intraday gain of 1.65%.
Litecoin price prediction showcases the upside trend of LTC crypto as whales are trying to provide a kickstart. The increase in the accumulation of whales might help LTC to surge towards the $100 recovery level with maximum recovery. LTC crypto price might rally during 2023 as the crypto price gets the lead with help of whales accumulation. Litecoin price needs to maintain the current recovery phase to surge towards the $100 resistance level over the charts.
Litecoin price was at $94.30 and has gained 1.25% of its market capitalization during the day’s trading session. However, trading volume has decreased by 19.65% during the intraday trading session. This demonstrates that sellers are trying to pull the LTC crypto price. Volume to market cap ratio was at 0.05956.
Litecoin price prediction suggests the upside trend of LTC crypto price over the daily time frame chart. However, trading volume can be observed below average and needs to grow during the intraday trading session. Meanwhile, LTC crypto is trying to remain above 50, 100 and 200-days Daily Moving Average while the cryptocurrency has slipped below 20-days DMA.
Litecoin price has gained around 7.33% during the last month and the quarterly report of LTC crypto is also positive with a 25.50% recovery. Moreover, Litecoin price has also recovered around 68.40% within six months while LTC crypto price has gained 34.02% Year to Date.
Litecoin Price Might Rally During 2023
Analysts speculate that LTC crypto price might surge towards the $150 level as it sustains above $100 resistance level. Technical indicators suggest the upside trend of Litecoin price.
Relative strength index showcases the uptrend momentum of LTC crypto. RSI was at 49 and is about to break out of neutrality. However, MACD exhibits the downtrend momentum of LTC crypto price. The MACD line is still below the signal line after a negative crossover. This indicates that technical indicators are pretty divergent over Litecoin price action. Investors in Litecoin need to wait until the crypto price surges with a strong upside trend over the charts.
Summary
Litecoin price prediction showcases the upside trend of LTC crypto as whales are trying to provide a kickstart. The increase in the accumulation of whales might help LTC to surge towards the $100 recovery level with maximum recovery. Litecoin price has gained around 7.33% during the last month and the quarterly report of LTC crypto is also positive with a 25.50% recovery. Technical indicators suggest the upside trend of Litecoin price. Investors in Litecoin need to wait until the crypto price surges with a strong upside trend over the charts.
Technical Levels
Support Levels: $90.00 and $90.00
Resistance Levels: $95.00 and $100.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/02/26/litecoin-price-prediction-whale-activity-might-lead-ltc-to-100/