Litecoin Price Prediction: Is $200 the Next Target for LTC?

01-04-2024 By: Lokesh Gupta
Litecoin Price Prediction: Is $200 the Next Target for LTC?

Litecoin Price Prediction for 2030 Expected around $250

  • #Litecoin rallied to a 9-month peak, triggered by a positive ruling from the US Commodities and Futures Trading Commission (CFTC).

  • Over the past few days, Litecoin demonstrated superior performance compared to Bitcoin and Ethereum.

  • $LTC established a base above the $80 level, initiating a significant upward movement.

  • Bolstering its strength, LTC surged past the crucial $100 mark, with bullish momentum intensifying before the monthly close.

  • Currently, Litecoin is experiencing a gain of over 4%, trading above $105 against the US Dollar.

  • After breaking above the upper resistance of a symmetrical triangle, $LTC underwent a retest.

  • Bulls provided support near the $100 level, propelling the price to a new high around $113.

  • There is potential for LTC to sustain its upward trajectory, targeting the $120 resistance zone in the near term.

  • A pertinent question arises regarding whether LTC could attain the $200 mark ahead of the #Bitcoin halving event.

  • According to Coingabbar's analysis, Litecoin price prediction for 2040 suggests a minimum target of $500.

KEY LEVELS :

RESISTANCE LEVEL : $115-$130

SUPPORT LEVEL : $100-$90

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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