Will LTC Break the Bars?

Bitcoin has initiated its recovery and is trying to sustain at the $35K price level announcing the commencement of bull run. Following Bitcoin the traditional cryptocurrency other altcoins like Litecoin have also started their recovery generating returns for the cryptocurrency investors. LTC crypto is prepared to break all bars by continuing this surge and the cycle of recovery during this bull run.

However, various people are concerned about the existence of the cryptocurrency world after looking upon the bearish market. Finally, the cryptocurrency market is giving hopes to investors and may provide some potential returns to investors. Some investors were concerned about questions arising in their minds like, “Is LTC good investment 2023?, Will LTC reach $500?, Is LTC safe to invest?, What is the future price of LTC in 2030?”

To state clarification on such doubts we bring Litecoin price prediction for 2023-2025. This analysis is well researched and thoroughly analyzed and will also inform you about such doubts and provide predictions for the upcoming trajectory of LTC crypto.

What’s Going on With Litecoin?

Litecoin came into action in the year 2011, and was created by a former Google engineer – Charlie Lee.
LTC crypto went through a prime time during the 2017 and 2021 bull runs, achieved the all-time high of 413 in 2021.
LTC fell till the low of $40 last year, setting off in an uptrend and forming an inclining channel.
Litecoin price dealt with the resistance of $70-$85 in the last three months.
Although LTC crypto slipped below the $70 mark recently, it’s still trading above 20 and 50-EMAs.

Litecoin Price Prediction November 2023

Litecoin price prediction for November 2023 indicates a possible breakout of LTC crypto from the consolidation phase. LTC crypto is currently trying to remain above the 20 and 50-EMAs and may surge above 100 and 200-days daily moving average by the end of November. Meanwhile, Litecoin price is trading near the upper threshold of the consolidation phase and trying to sustain avoiding the short-sellers’ clutch.

However, trading volume (137.61K) is below the average (188.444K) and needs to grow in favor of buyers during the intraday trading session. With increased accumulation of buyers LTC may surge from the upper trendline of the consolidation phase resulting in a possible breakout from the consolidation phase pattern.

At present, LTC crypto is at $67.90 and lost 1.47% of its market capitalization during the day trading session. Trading volume has decreased slightly by 0.92% during the intraday trading session. This demonstrates that sellers are present in the trade and buyers need to accumulate. Volume to market cap ratio was at 6.07%.

If Litecoin breaks from the $70 threshold by gaining support from the $66.30 level then it may showcase a potential breakout and gain significantly throughout November.

Litecoin Price Forecast 2023

Litecoin price prediction 2023 showcases the slippage of LTC crypto through a falling wedge pattern over the weekly time frame chart. However, LTC is trading at the upper trendline of the falling wedge pattern and LTC may have a potential breakout from here. This means LTC crypto may surge from the current level by the end of the year.

However, LTC crypto tried to register its breakout in prior months but failed and declined from the upper trendline. Now Litecoin can have a potential breakout as suggested over the weekly chart.

Currently trading near $67 LTC crypto is facing issues in gaining strong upward momentum. Moreover, LTC is currently consolidating inside the falling wedge pattern over the weekly time frame chart. However, volume change is above the average which confirms the hopes of LTC crypto’s potential breakout in this bull run.

Litecoin Price Prediction 2024

Based on the reports and Litecoin price prediction 2023, after considering the Bitcoin halving cycle, Litecoin price prediction 2024 predicts LTC price to be estimated near 80% and the maximum of $95.

Litecoin Price Prediction 2025

After analyzing the historical data of LTC crypto which includes potential ups and downs of the cryptocurrency and also after taking in account the clashes between the bears and bulls, Litecoin price prediction 2025 is near $109 and a maximum of $116.

Litecoin Price Prediction 2026

Litecoin is a growing and innovative project and looking upon the investors faith and analysts’ predictions, Litecoin price prediction 2026 is near $149.05 and a maximum of $156.07 by end of the year.

Litecoin Price Prediction 2027

Litecoin’s price for 2027 is expected to fluctuate between $157 to $167, with an average price of around $163.

Litecoin Price Prediction 2028

According to reports, Litecoin’s price for 2028 is believed to be in the price range of $174.07 to $185.08, with an average price of about $181.02.

Litecoin Price Prediction 2029

Litecoin’s price for 2029 is predicted to vary from $191.02 to $204.04, with an average price of roughly $196.05.

Litecoin Price Prediction 2030

Litecoin’s price for 2030 is expected to fluctuate between $209.08 to $227.30, with an average price of approximately $218.09.

The levels mentioned above are predicted by analysts and may vary as the cryptocurrency market is so volatile and any external or internal factor may affect the projected price action of Litecoin cryptocurrency. However, investors are advised to be very cautious before investing in the cryptocurrency market.

Nevertheless, analysts at TheCoinRepublic.com believe that LTC crypto may surge above these projected levels in Litecoin price prediction 2023, Litecoin price prediction 2024, Litecoin price prediction 2024, Litecoin price prediction 2025, Litecoin price prediction 2026, Litecoin price prediction 2027, Litecoin price prediction 2028, Litecoin price prediction 2029, and Litecoin price prediction 2030. On the flip side, investors need to be very much cautious while investing.

The below mentioned technical levels are taken in accountability from the LTC/USD daily time frame chart.

Technical Levels

Support Levels: $66.75 and $65.55

Resistance Levels: $70.75 and $84.50

Summary

Bitcoin has initiated its recovery and is trying to sustain at the $35K price level announcing the commencement of bull run. Litecoin came into action in the year 2011, and was created by a former Google engineer – Charlie Lee. Litecoin price prediction 2023 showcases the slippage of LTC crypto through a falling wedge pattern over the weekly time frame chart. However, volume change is above the average which confirms the hopes of LTC crypto’s potential breakout in this bull run.

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 stock comes with a risk of financial loss.