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Litecoin Price Prediction 2023-2032
LTC Price Prediction 2023 â up to $142
LTC Price Prediction 2026 â up to $436
LTC Price Prediction 2029 â up to $1499
LTC Price Prediction 2032 â up to $4000
How much is LTC worth?
The current price of Litecoin stands at $91.1. Over the past 24 hours, it has experienced a trading volume of $1.72B and a market capitalization of $6.71B. Litecoinâs market dominance is at 0.55%. However, there has been a decrease in the LTC price by 0.41% within the last 24 hours. Currently, there are 73.33 million LTC in circulation out of a maximum supply of 84.00 million LTC.
Litecoin price analysis: LTC price attempted to surge but faced resistance at $92
TL; DR Breakdown
LTC price experienced a selling pressure as it reached a high of $92; however, bulls are attempting to hold an uptrend above $90
Resistance for LTC is present at $92
Support for LTC/USD is present at $89.78
The LTC price analysis for 29 July confirms that bulls failed to push the price beyond $92 as bears are strongly dominating that level. As bears pushed the altcoin below and sent the price near the immediate support level, bulls lost confidence.
LTC price analysis 1-day chart: LTC/USD still hovers around resistance zone at $90
Analyzing the daily price chart of Litecoin, Litecoin witnessed a bullish rally after bears failed to maintain a trade below $90. However, after triggering a minor upward correction above $91, LTC price met selling pressure, consolidating the token within a resistance zone at $90-$91. The 24-hour volume declined to $7.7 million, showing a decreased interest in trading activity today. LTC price is currently trading at $91.1, decreasing by nearly 0.4% in the last 24 hours.
The RSI-14 trend line has surged slightly from its previous level but trades below the midline at level of 46, hinting that bulls are yet to gain complete control. The SMA-14 level is suggesting upward volatility in the next few hours.
LTC/USD 4-hour price chart: LTC price tumbles near EMA20
The 4-hour Litecoin price chart suggests that bulls failed to hold the momentum near $92 as buyers faced bearish domination. Currently, bears are dominating the price chart as LTC price faces intense volatility to remain within the EMA20-EMA50 region.
The BoP indicator is trading in a bearish region at 0.12, bringing concerns of an immediate downward correction.
However, the MACD trend line has formed minor green candles above the signal line and the indicator attempts for a bullish reversal, strengthening the buyersâ positions.
What to expect from LTC price analysis next?
The hourly price chart confirms that bulls are inducing buying pressure to hold the price; however, sellers may soon make a comeback. If LTC price holds its momentum above $92, it may climb toward $95.75.
If bulls fail to initiate a surge, LTC price may drop below the immediate support line at $89.78, which may result in a correction to $87.59.
Recent News/Opinions on LTC
Growing Network Activity: Litecoin has achieved a significant landmark in its network transactions. The Litecoin network has recently completed its 170 millionth transaction, as revealed in an enthusiastic Twitter update. This indicates a rapid expansion for Litecoin, with an addition of more than 10 million transactions in the previous seven weeks. This implies that the network handles over a million transactions on a weekly basis.
Litecoin halving: Still on track for August 2023 is Litecoin halving, a much-anticipated event for the LTC community. Why does Litecoin (LTC) halving matter? The Litecoin halving, an important event in the Litecoin monetary system, reduces the subsidy for each block mined by 50% for every 840,000 blocks. Litecoinâs next halving is supposed to take place in August 2023 and will see the rewards for miners drop again by another 50% to 6.25 LTC. Will the price of LTC asset rise after a halving?
