Litecoin (LTC) Price Prediction 2023-2025: Is LTC Ready to Blast Before August?

The Litecoin (LTC) price chart structure has displayed weakness over the past few years. On a weekly time frame, the Litecoin price has been rising

Litecoin (LTC) price analysis reveals a bearish outlook over the past few months. On the weekly time frame, the Litecoin price has been rising, taking support from a trendline for the past seven years.

However, the Litecoin price has not shown any significant momentum since mid-2022. It has been consolidating on the trendline.

A brief bullish momentum was initiated in the first quarter of 2024 but failed to cross the $110 mark. The price has been decreasing, forming lower lows and lower highs, slipping below the key moving averages.

Now, the LTC crypto price seems to have bottomed out, judging by the technical indicators. The RSI has been generating bullish divergences, indicating a bullish trend, and a reversal can be planned.

Litecoin Price Ready to Blast Before August?

Dr. Litecoin (@litecoin_dr) has tweeted that the Litecoin price may shoot up before October. In the short term, the price has been decreasing in a channel.

7 year support or a 4 month resistance

I think we know where it goes ⬆️

We will see a massive move before October.

#Litecoin #LTC

$LTC

In a broader time frame, the LTC price has been rising, taking support from the trend for the past seven years. On the other hand, the price has been decreasing due to resistance from a trendline for the past four months.

If the chart structure manages to attract investors, buying momentum for the long term can be expected. The price might prefer to defend the major support level in the face of resistance from a four-month descending trendline.

Litecoin Price Analysis 1-D Timeframe Technical Analysis

The Litecoin crypto price has performed negatively over the past few months. It has dropped below the key moving average but managed to defend a major support level.

The price has been decreasing, facing resistance from a descending trendline for the past few months.

If the digital asset price triggers a breakout from the descending trendline, buying can be expected. It would be a buying opportunity if the price smashes the 200-day EMA. Also, the price may extend to the $100 hurdle.

On the other hand, if the price starts trading below the key support level, buyers might panic, and profit booking can be initiated. Due to the profit booking, strong selling pressure can be observed.

Regarding the technical indicators, the LTC price has crossed above the 20-day EMA. It has been heading for the 200-day EMA, a bullish sign. The RSI has generated a bullish crossover with the RSI-based moving averages, showcasing the bullish trend.

Litecoin Price Prediction

The Litecoin price has performed negatively over the past few months. In a broader time frame, the LTC crypto price showed strength. It has risen, taking support on an ascending trendline.

The technical indicators suggest that the bearish trend has stopped, and a trend reversal can be observed.

Technical Levels

The LTC price is expected to face resistance at the $73.00 and $100.00 levels. It may take support on the $60.00 and $50.00 mark.

This article is intended for informational purposes only and does not provide financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please conduct your research before making any financial decisions.