Litecoin (LTC) Price Prediction 2024: Will LTC Recover Its Losses?

LTC price is expected to drop by -16.56% in the next 5 days according to our Litecoin price prediction is trading at $100.56 after gaining 10.62%

Our Litecoin price prediction is set to decrease by -16.56% in the next 5 days and reach a price of $76.34 by Nov 28, 2024.

After a 10.62% increase in the last 24 hours, Litecoin is trading at $100.56. The cryptocurrency outperformed the total crypto market cap, which increased by 11.41% in the same time period.

LTC performed well against BTC today and recorded a 10.28% gain against the world’s largest cryptocurrency.

According to our Litecoin price prediction, LTC is expected to reach a price of $76.34 by Nov 28, 2024. This would represent a -16.56% price decrease for LTC in the next 5 days.

Buy/Sell Litecoin

What has been going on with Litecoin in the last 30 days

Litecoin has been displaying a positive trend recently, as the coin gained 44.36% in the last 30-days. The medium-term trend for Litecoin has been bullish, with LTC increasing by 50.17% in the last 3 months. The long-term picture for Litecoin has been positive, as LTC is currently displaying a 44.52% 1-year price change. On this day last year, LTC was trading at $69.58.

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 at $114.49, while the cycle low is at $40.47. LTC has been displaying high volatility recently – the 1-month volatility of the coin is at 10.63. Litecoin recorded 17 green days in the last 30 days.

Litecoin technical analysis for today - Nov 23, 2024

The sentiment in the Litecoin markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $89.49, $87.14 and $85.85, while $93.12, $94.40 and $96.75 are the key resistance levels.

Bullish sentiment for Litecoin

28 indicators are currently signaling a bullish prediction for Litecoin, while 1 indicators are showing a bearish forecast. With 97% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Litecoin.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 94 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Litecoin moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Litecoin is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Litecoin is at 62.51, suggesting that LTC is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Litecoin over the last 50 days. Currently, Litecoin is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LTC closing price for the last 200 days. LTC is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Litecoin prediction

After considering the above factors, we can conclude that the current forecast for Litecoin price prediction is Bullish. LTC would have to decrease by -16.56% to hit our $76.34 target within the next five days. Moving forward, it will be important to monitor the LTC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and