Litecoin’s price prediction suggested that the coin might touch $113 in the coming weeks if things fall into place.
Litecoin’s price prediction suggests that the coin might touch $113 in the coming weeks if certain things fall into place.was back on the top 20 list of cryptos at press time. However, will LTC manage to hold its spot for a longer time, or will it slip under again? Let’s take a look at Litecoin’s price prediction.revealed that LTC was up by more than 8% in the past seven days. In the last 24 hours, the coin witnessed a price rise of more than 1.5%.
At the time of writing, LTC was trading at $71.53 with a market capitalization of over $5.3 billion. Thanks to last week’s pump, the coin managed to reenter the top 20 list. Apart from the rise in market cap, the bull rally also impacted the coin’s social metrics. For instance, AMBCrypto’s look at Santiment’s data revealed a spike in its social volume on the 16th of July.Apart from this, whale activity around the coin remained high, which was evident from its stable whale transaction count.AMBCrypto’s examination of Glassnode’s data revealed that Litecoin’s price was resting below its possible market bottom of $81.9 for multiple weeks.
But the good news was that the gain gained bullish momentum and was approaching that mark at a fast pace. If the Pi Cycle Top indicator is to be believed, then LTC might touch $149 in the coming months.AMBCrypto’s analysis of LTC’s daily chart revealed that after a sharp increase, the token’s Relative Strength Index dropped, hinting at a price correction. But its MACD continued to support the bulls.
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