Litecoin Price Prediction: 2024, 2025, 2030

LTC price prediction: Key highlights

1. Primary support and resistance levels

• $51 can be anticipated as the lowest floor for the price on the weekly chart.
• The high resistance, around $380, can likely make it challenging for the price to rise.

2. Market sentiment

• LTC’s market sentiment for August 2024 is observed to be bearish.

3. Predictive forecasts

• According to our AI/ML predictive algorithms, the average price for LTC is projected to exceed $1,600 in 2028 and $200,000 by 2035.

Take a glance at the given thorough weekly technical analysis of LTC, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

LTC technical analysis: Is a recovery on the cards?

While Bitcoin (BTC)—the digital gold has continued to capture a significant market share, the digital silver has not been left behind. LTC has experienced quite some spikes and dips. Yet, the question remains of what its future trajectory will look like. The Litecoin price prediction for 2024 aims to delve deeper into this.

The analyzed period began with the asset shedding substantial gains as a major red candle appeared on the charts. Despite analyst predictions of a significant bull market triggered by the halving event, LTC’s price action unfolded contrary, with the price dropping to its lowest support level observed during the analysis period at $57 in mid-August. 

The broader market rally in October saw bulls turn $70 to support by the following month. Nonetheless, $79 was a strong point of rejection, causing the price to dip below the former level numerous times in early 2024. The market dynamics shifted in late February, with a significant price pump, flipping $79 and $85 bullishly.

Although the subsequent test of the peak resistance at $105 faced pushback, late March saw the price retest this barrier, resulting in another rejection. This depreciation was amplified in April as the price fell below $85 again. Notably, the bulls managed to hold on to the $79 base, with the price consolidating between these levels until mid-June.

AMBCrypto’s report on the rising Puell Multiple did not favor the odds of the bulls reclaiming the upper limit of this range. The analysis suggested that LTC could trade under $80, and any potential rally would likely be short-lived.

Concurrently, a bearish breakdown returned the asset to $70 by late June, exacerbated by large holder sell-offs. An elevated Network Value to Transactions (NVT) ratio and $70 million in coins on the ask side indicated a potential further decline. Consequently, LTC had hit its lowest support level by early July.
 

In mid-month, a notable bull rally pushed the coin over $70, positively affecting its social metrics and market cap. Furthermore, whale activity also remained high. AMBCrypto highlighted that Fidelity Digital added LTC to its digital product offerings in late July. This move sparked speculation about the potential for a future Litecoin exchange-traded fund (ETF).
 

However, the hype died down soon, as the level was lost to sellers by the end of the month. By August, LTC retested its yearly low. At press time, it exchanged hands at $58.

How high/low can LTC go in 2024?

If the downtrend persists, LTC's price could drop to $54 soon. Meanwhile, the next downside target could be $51. Notwithstanding, for the asset to sustain its bull rally, it must rise above $79.

AMBCrypto also examined Litecoin’s price movements to uncover that it historically follows a clear pattern during each cycle. The price tends to remain stable around the halving events until approximately four to five months after BTC’s halving, after which it usually experiences a significant increase. 

Based on this pattern, LTC's price is expected to rise towards the end of Q3 2024. If LTC replicates BTC’s success, the coin can likely reclaim its all-time high (ATH) in 2024. Yet, a level around $380 might trigger a pushback.

Another article supported the coin's long-term growth prospects, noting that it is currently in its eight-year cycle. Historically, LTC has peaked every four years—2014, 2018, and 2022. If these patterns hold, it could reach its next peak in October 2025.

LTC’s four-year trajectory looks promising. According to forecasts from our analytical models, the token is anticipated to achieve an average price exceeding $1,600 by 2028. This uptrend is projected to continue, with expectations for the price to surpass $200,000 by 2035.

LTC's 2024 roadmap: Key indicators to watch and trade

• LTC's trading volume remained low during the initial downtrend. Meanwhile, it surged substantially during the February bull run. However, a notable reduction became evident from Q2 2024, signaling investor withdrawal. 
• The Moving Average Convergence Divergence (MACD) and the signal line plunged below the zero line in mid-August and early September, respectively. This descent continued until October, after which the indicator reversed its course. 
• By November, the MACD line regained its position over the signal line. The late February rally pushed the former into positive territory, with the latter moving across zero by mid-March. 
• However, the MACD line began dropping in April, forming a bearish crossover in May. It turned negative in July, and the signal line caught up later. The indicator registered at -3.93 at press time, with the signal line and histogram at -1.51 and -2.42, respectively. These values highlighted the strengthening selling bias.
• The Chaikin Money Flow (CMF) stayed predominantly positive, only dipping below the zero line between October and late November and briefly in mid-December. Its latest value of 0.03 highlighted a substantial drop in buying pressure over the past months.