Litecoin (LTC) price is expected to rise by 12.96% in the next 5 days according to our Litecoin price prediction
The price of Litecoin has gone up by 10.88% in the last 24 hours and is now trading at $127.45. This outperformed the cryptocurrency market, as the total crypto market cap increased by 12.41% in the same time period. BTC performed poorly against the cryptocurrency market and recorded a 8.42% loss against the world’s largest cryptocurrency.
In the last 30 days, LTC has displayed a positive trend and gained 29.31%. The medium-term trend for Litecoin has been bullish, with LTC increasing by 88.05% in the last 3 months. The long-term picture for Litecoin has been positive, as LTC is currently displaying a 87.50% 1-year price change. On this day last year, LTC was trading at $67.97.
Litecoin reached its all-time high price on May 10, 2021, when the price of LTC peaked at $410.76. The current LTC cycle high is $146.23, while the cycle low is at $40.47. LTC has been displaying low volatility recently – the 1-month volatility of the coin is at 8.07. Litecoin recorded 19 green days in the last 30 days.
The technical indicators are signaling a bullish prediction for Litecoin, as 26 indicators are suggesting a positive price movement, while 2 indicators are displaying a negative price動き. With 93% of indicators favoring a positive prediction, this results in an overall bullish sentiment for Litecoin.
Crypto market sentiment is currently in the zone of Greed, as the Fear & Greed index is reading 70. The most important support levels to watch are $111.33, $106.62 and $102.98, while $119.68, $123.31 and $128.02 are the key resistance levels.
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