Litecoin Price Prediction November 2024
Litecoin is up 7.37% intraday, forming a potential Morning Star pattern, signaling a bullish reversal. It is currently trading at $81.10 and is forming a bullish engulfing candle.
The 24-hour high of $85 is challenging the 61.80% Fibonacci level. Litecoin is currently trading above the 50% Fibonacci level of $78.17, increasing its upside potential.
The Morning Star pattern retested the 38.20% Fibonacci level ($72.25) and the 200-day SMA. Moreover, the growing buying pressure has fueled the 25% rally in the past week.
Litecoin’s price action is struggling to break out of the ascending channel pattern. A close above the current price could confirm a bullish breakout.
A break above the 61.80% Fibonacci level could propel Litecoin to recapture the psychological barrier of $100 and establish a new 52-week high above $112.98. On the downside, key supports are found at $78 and $72.
Monthly Potential Low ($) Average Price (USD) Potential High ($) November $78 $95 $112
Litecoin Price Prediction 2024
Currently, the bullish effort to break above the 200D EMA remains a critical resistance for LTC price trend. With the projected network growth, rising adoption, and expected bullish support from Bitcoin, LTC price could surge significantly in 2024. Our analysis suggests that Litecoin could reach a high of $187.27.
However, market weakness could cause a price drop, taking LTC down to around $50. Despite this potential drop, the average price of Litecoin in 2024 is expected to be around $118.
LTC Price Prediction Potential Low ($) Average Price (USD) Potential High ($) 202450 USD $118187.27 USD
Can Litecoin halve? When is the next Litecoin halving event?
Yes, Litecoin can halve, using a similar mechanism to Bitcoin to cut the block reward in half approximately every four years. The most recent Litecoin halving occurred in August 2023, completing this process successfully.
The next Litecoin halving event is expected to occur in July 2027.
Factors that may affect LTC price in 2024:
Bitcoin Price Action: Litecoin’s price generally mirrors Bitcoin’s movements. As BTC trends towards $65,000, LTC’s price could surge higher.
Payment Applications: Litecoin’s growing adoption in global payments could drive demand, thereby boosting its price potential.
Regulatory Clarity: Clearer global cryptocurrency regulations in 2024 could attract institutional investors, leading to a rise in Litecoin prices.
Read more about Bitcoin price predictions for a comprehensive look at potential rate cuts and the U.S. presidential election.
LTC Price Prediction 2025
Litecoin is a viable alternative to Bitcoin in every way, which makes it attractive to many traders. If the network succeeds in lowering its block times, it could even become competitive with Bitcoin.
If large financial institutions collaborate with Litecoin, its price could surge to $217.76 by 2025.
If the market crashes in the next few years, then the price of Litecoin might drop to $144.11. However, long-term investors might hold the currency, so the average price of LTC is expected to be $180.94.
Litecoin Price Prediction Potential Low ($) Average Price (USD) Potential High ($) 2025 $144.11 $180.94 $217.76
LTC Price Prediction 2026 – 2030
Litecoin Price Prediction Potential Low ($) Potential Average ($) Potential High ($) 2026 $207.30 $234.11 $260.92 $2027 $232.78 $283.39 $334.00 $2028 $280.95 $330.84 $380.72 $2029 $379.74 $412.04 $444.34 $2030 $402.23 $465.40 $528.57 $
LTC Price Prediction 2026:
By 2026, the potential low price of LTC could be $207.30, with the average price expected to be $234.11 and the high price being $260.92.
Litecoin Price Prediction 2027:
It is expected that the lowest price of Litecoin in 2027 will be $232.78, the average price will be $283.39, and the highest price will be $334.00.
LTC Price Prediction 2028:
Entering 2028, the potential low price of Litecoin will be $280.95, while the average price is expected to be around $330.84. The potential high price of LTC in 2028 is expected to reach $380.72.
Litecoin Price Prediction 2029:
Looking ahead to 2029, Litecoin has the potential to reach a minimum price of $379.74, an average price of $412.04, and a maximum price of $444.34.
LTC Price Prediction 2030:
Finally, in 2030, the Litecoin price prediction predicts a minimum price of $402.23, an average price of $465.40, and a maximum price of $528.57.
Litecoin (LTC) Price Prediction 2024 – 2030
Litecoin market analysis
Company Name 20242025 Cryptocurrency Price 240.70 USD 338.93 USD Government Capital 33.54 USD 485.34 USD
*The above targets are average targets set by various companies.
Litecoin Price Prediction by CoinPedia
According to the Litecoin price prediction made by Coinpedia, some well-known institutions may invest in and accept LTC as a payment method in the future. In addition, more and more events that can directly affect the price of LTC will improve social sentiment.
If the coin gains some hype in the coming months, the LTC price might reach $187.27 by 2024. However, a rise in bearish influence might cause Litecoin to drop to $113.61 by the end of 2024.
We expect LTC price to hit a new high of $187.27 in 2024.
LTC Price Prediction Potential Low ($) Average Price (USD) Potential High ($) 2024 113.61 USD 150.44 USD 187.27 USD
Litecoin (LTC) Price Prediction Based on Artificial Intelligence
Portfolio Wizard
Portfolio Pilot, an artificial intelligence platform that predicts asset prices, predicts that the price of LTC will reach $77 by the end of August 2024.
Litecoin Historical Market Sentiment
