Litecoin Price Prediction: 2024, 2025, 2030

LTC price prediction: Key highlights

1. Primary support and resistance levels

• $60 was the lowest price floor for the price on the weekly chart.
• The high resistance, around $380, could make it challenging for the price to rise.

2. Market sentiment

• LTC’s market sentiment for April 2024 is observed to be bullish.

3. Predictive forecasts

• According to our AI/ML predictive models, the average price for LTC is projected to go over $4,000 in 2028 and $19,000 by 2030.

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: Continued rise hints at potential ATH 

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

Over the analyzed period, multiple attempts were made to boost the cryptocurrency’s price. Starting in April, the coin approached the resistance level at $100, but this effort resulted in a pullback. By mid-May, another push toward higher prices was halted at $94, causing the price to retreat to its support level of $77 in June.

The anticipation of the August halving led to a build-up of FOMO around the coin. LTC rallied, leading to the price finally breaching the critical $100 resistance level by the end of June. Subsequently, this surge established a new higher resistance at $113. This price action contrasted sharply with the performance of other altcoins, which saw considerable declines in this month.
 

Nonetheless, this uptrend was not sustained. Despite analyst predictions of a significant bull market triggered by the reduction in block reward, LTC’s price action unfolded in a contrary manner. The following month, the price faced rejection.

Between mid and late July, efforts to breach the $94 resistance level failed. This weakness resulted in further declines, with the price dropping to its lowest support level observed during the analysis period at $60 in mid-August. 
 

$77 held its position as a significant resistance till mid-February. Nonetheless, the market dynamics shifted in late February, with a significant price rally transforming this level into a new support base. 
 

Although a test of the $94 level led to a minor retracement, the end of March saw another surge, propelling the price above the pivotal $100 mark. At the time of analysis, the coin was trading at $103, still below its established high resistance level at $113 on the chart.

AMBCrypto's recent examination of Santiment data highlighted that the coin's Social Volume was elevated. Additionally, the bullish price movements led to an increase in LTC's Weighted Sentiment. This upturn suggests growing confidence among investors, indicating the initiation of a new macro uptrend for the coin.
 

The uptrend can lead LTC above $113. Post this, $134 and $150 are the next likely targets. If LTC replicates BTC’s success, there’s a high possibility for the coin to reclaim its all-time high (ATH) in 2024. Yet, a level around $380 might trigger a pushback. 
 

Notably, $94 serves as a crucial mark to monitor. The price’s sustainability over this level will serve as an indicator of the continuity of the bull run. If this support breaks, LTC might find itself back at $77. This might trigger an increase in bearish trends.
 

LTC’s four-year trajectory looks quite promising. According to forecasts derived from our analytical models, LTC is anticipated to achieve an average price exceeding $4,000 by the year 2028. Looking ahead, this upward trend is projected to continue, with expectations for the price to surpass $19,000 by 2030, underscoring a substantial potential for growth and profitability in the long term.

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

• For the majority of the period, the Chaikin Money Flow (CMF) remained above the zero line, even achieving its peak at 0.27 in late June. However, a decline ensued after this peak. By October, it had slid below the zero line.
• After a short spike towards the end of November, the indicator turned negative briefly again in December. Since then, it continued to rise, settling at 0.21 at the time of writing. This indicated that accumulation significantly overtook distribution once more.
• Throughout the analyzed period, the volume for LTC remained largely moderate, with sporadic spikes observed. However, a notable reduction in trading volume became evident from mid-July onwards. 
• This was reversed again in late February as the volume recorded highs along with the rising price. It suggested strong buying interest, with more market participants entering the market, potentially driving the price higher.
• In mid-April, the Moving Average Convergence Divergence (MACD) line descended below the signal line. A brief positive crossover occurred between late June and late July, but this was short-lived. 
• Distinctly, by mid-August, the MACD line plunged below the zero line, with the signal line following suit by the month's end. This descent continued till 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. As the analysis ended, the MACD line registered at 6.05, with the signal line and histogram at 2.15 and 3.90, respectively. This validated the continuity of the ongoing bullish trend.