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- Litecoin network completed the third block halving, while the impact on the price remained insignificant.
- The current trade setup flashes bearish signals as the price plunges below crucial zones where the possibility of a rebound appears fewer.
- The technicals and the on-chain fractals turn in bearish favor as the selling volume accumulates regardless of the network’s recent upgrade.
Litecoin Overview as of August 03, 2023
|24 Price Change
|7D Price Change
|Trading Volume (24-Hour)
Litecoin Technical Analysis
- The Litecoin price has been trading along a rising trend line since the last quarter of 2022, which has been acting as a strong support level in times of bearish reversal.
- Unfortunately, massive selling pressure mounted that compelled the LTC price to break down the trend line soon after the halving event, plummeting below 200-day MA & EMA levels.
- The price is trying hard to reclaim the levels but it appears to be a tedious job at the moment as the bearish volume has accumulated to a large extent.
- However, the RSI is also heading towards oversold levels that may drag the LTC price lower, reaching interim support at $81.79
- If the bulls fail to hold the rally at these levels, then a massive plunge may drag the price toward the major support around $70.
LTC Price Prediction 2023-2030
|Minimum Price / Maximum Price
|72.33 / 121.25
|210.5 / 550.75
Litecoin Price Prediction August 2023
After experiencing a free fall throughout July, the Litecoin price halted the bearish trend at the beginning of the month. The price has now dropped below the crucial support and is displaying a huge possibility of testing the lower support levels. The market sentiment has also turned extremely bearish as Bitcoin’s price action displays a sense of uncertainty in the coming days. However, some relief may be expected in the coming days that may ease the selling pressure and close the monthly trade around $85 to $88.
Litecoin Price Prediction September 2023
The LTC price is believed to maintain a consolidated trend for the first few days of September, where the price could remain consolidated below $90. Although the bulls could make multiple attempts to rise above $100, the bears will manage to restrict the price below $92. Historically, September has not displayed any major price action. Therefore, the price may remain consolidated and close the monthly trade around $98 to $102.
Litecoin Price Prediction October 2023
At the beginning of October, the crypto markets are expected to rise sharply as the bullish momentum piles up. The Litecoin price is also believed to inculcate bullish momentum and begin to surge following market sentiments. However, the pace of the rally may not be at lightning speed but it could be enough to manage the bearish interference. The price may sustain above $105 throughout the month and close the October 2023 trade at around $110 to $112.
Read more: Bitcoin Halving 2024
Litecoin Price Prediction November 2023
As the trade proceeds in the final quarter of the year, the bulls may begin to utilize their accumulated strength. This may hold the price above the gains and also help in finding higher targets falling in its path. The last two months have turned out to be bullish in the past, and hence a similar trend is believed to repeat. Therefore, by the end of the month, the price may have elevated beyond $125 and closed the trade around these levels.
Litecoin Price Prediction December 2023
During the last month, the bulls usually remained extremely dominant without allowing the bears to enter the ring. The rally is expected to kick off a huge upswing, surpassing the interim highs and squashing the bearish momentum to a large extent. As the yearly close is very important to determine the impending trend, the bulls could thrive on a bullish close. Therefore, the Litecoin price prediction for 2023 is bullish, as the prices could trade between $200 to $220.
Litecoin Price Prediction 2024
After witnessing a fine recovery throughout the year 2023, the bulls may have gained huge confidence to carry the rally ahead. The LTC price is also expected to rise well above $300, aiming to test the ATH. Unfortunately, the bearish interference could restrict the rally just before $300, causing the price to witness a bearish pullback in Q2. However, the price could trigger a healthy rebound in the second half and further transform into a bull run during the last quarter. The Litecoin price may close the 2024 trade, forming a new ATH above $550.
Litecoin Price Prediction 2025
The upswing may continue since the first day of 2025, and the prices are believed to maintain a healthy upswing for the first few weeks. The price may further rise and mark the highs of the prevailing bull cycle in the second half, reaching levels around $720 to $750. However, the bearish interference may begin, and the prices may start to consolidate. Further, it may transform into a correction, dragging the LTC price slightly below $600 by the end of the year 2025.
Litecoin Price Prediction 2026
The Litecoin price could have a bearish start for the year 2026 as the correction phase continues. The correction may transform into a bear market as the price may begin with a steep descending trend. Although the bears may try hard to trigger a significant upswing, it may drop toward new lows, similar to the 2022 crypto bear market. The markets are also expected to remain consolidated throughout the year, facing a 60% to 75% correction from the highs. By the end of the year, the price may trade between $150 and $175.
Litecoin Price Prediction 2027
Despite the massive drop in LTC price throughout 2026, the year 2027 may certainly offer some relief, but only after maintaining a descending consolidation for the first few weeks. The rally may further form the bottom of the prevailing bear market before the end of the H1 trade, which could trigger a healthy rebound. The Litecoin price may further maintain a fine recovery throughout the year, while the pace of the recovery could be limited and close the trade around $250 to $280.
Litecoin Price Prediction 2028
The Litecoin price may begin the 2028 trade and maintain a strong recovery for the first few months. The bulls may hold a certain dominance, but the bears could manage to restrict the price below strong resistance levels. This may drain the strength of the bulls, who may remain passive for longer. The price may have a similar trend, as 2023 may undergo frequent upswings & downswings and maintain decent volatility until the end. The price may trade around $350 to $420 by the end of 2028.
Litecoin Price Prediction 2029
The price may maintain a healthy ascending trend at the beginning of 2029 as the selling pressure slowly fades away. This is when the bulls may offer a strong push and lift the price above the interim resistance. As the trade approaches the mid of Q2, the rally may gain acute strength and trigger a fine upswing. Further, during the end of Q3 or in the first few days of Q4, the rally may transform into a healthy upswing and later into a minor bull run. The Litecoin price is expected to rise and surpass the previous ATH to reach levels around $850 by the end of 2029.
Litecoin Price Prediction 2030
The bullish momentum may continue since the beginning of 2030, as the prices could maintain a steep upswing. The price may rise and achieve the $1000 milestone, while the bulls may try hard to hold the price above the gains. Unfortunately, they may not do so for long, as the bears may quickly drag them below. The LTC price may further maintain a consolidated descending trend for the rest of 2030 and close the yearly trade around $790 to $850.
Read more: Top Proof of Work Tokens
Litecoin Halving History
Litecoin just underwent its third network upgrade, the halving. As the LTC token is deployed on a Proof-of-Work consensus mechanism, it undergoes a halving every 4 years. The halving is when the miners’ rewards, which they earn in return for validating the transaction and adding it to the chain, are divided in half. This is done to prevent the token from becoming inflationary. With the new issuance being slashed and making the token more scarce, the prices are believed to trigger a healthy upswing.
|Litecoin Halving Event
|Price on Halving Day
|365 Days Before
|365 Days After
|Genesis – October 07, 2011
|1st Halving- 25 August 25, 2015
|2nd Halving- 05 August 2019
|3rd Halving- August 02, 2023
- The Litecoin price maintained a stagnant trend before and after the first halving without any price variation.
- The price underwent a pre-halving rise and soared high to reach the first ATH in 2018, but it dropped and experienced a minor spike during the 2nd halving, followed by a bearish pullback.
- Similar price action was witnessed before the 3rd halving as the prices surged high to mark a new ATH above $400, and at the time of halving, it maintained a consolidated trend.
- If Litecoin repeats the previous trends, a massive upswing is expected in the next 12 months, lifting the price beyond $550 to $600.
Read more: Litecoin Halving 2023
Will the Litecoin Price Rise Again in 2023?
The Litecoin price has displayed magnificent strength since the beginning of the year and appears to be self-assured of a healthy upswing. As seen above, the LTC price undergoes an iconic rally after maintaining some consolidation for a few weeks after the halving. This may cause the price to undergo another plunge. However, after marking the lows, the price is set to rise and maintain a healthy upswing in 2023.
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Will the Litecoin price ever hit $1000?
Litecoin is believed to maintain an elevated trend in the coming days and could also reach the $1000 milestone in future.
What will Litecoin be worth in 2025?
The LTC price may trade between $610 and $625 in 2025.
What will be the price of 1 LTC in 2030?
The price of 1 LTC may trade between $790 and $850 in 2030.
Is Litecoin a safe investment?
Litecoin is one of the primitive altcoins still in function that has withstood multiple bullish and bearish markets. However, before investing in Litecoin or any token, deep research into the fundamentals and close price analysis is imperative.
What was Litecoin’s highest price?
The highest price achieved by Litecoin is $412.96.
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