Litecoin [LTC] Price Prediction 2023-2025: Will LTC Manage to Hold Its Spot?

Litecoin [LTC] 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?

CoinMarketCap data showed that Litecoin [LTC] enjoyed an 8% increase over the past week. Over the last 24 hours, the coin also saw a 1.53% increment.

At press time, LTC was trading at $71.53 with a market capitalization of $5.3 billion. Thanks to last week’s pump, the coin managed to reenter the top 20 list.

A look at Santiment’s data showed that 16 July saw a spike in LTC’s social volume. Its Weighted Sentiment also increased during the same period, reflecting a rise in bullish sentiment.

Apart from this, whale activity around the coin remained high, which was evident from its stable whale transaction count.

Similarly, the MVRV ratio increased in the last few days.

An examination of Glassnode’s data revealed that Litecoin’s price had been resting below its possible market bottom of $81.9 for multiple weeks now.

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.

An analysis of LTC’s daily chart revealed that after a sharp increase, the token’s Relative Strength Index (RSI) dropped, hinting at a price correction. But its MACD continued to support the bulls.

We then planned to take a look at LTC’s liquidation heatmap to find out the short-term targets for LTC. If the bears take over, then LTC would first support near $69 in the short term.

In the event of a continued price rise, it might first reclaim $73.

Finally, we checked LTC’s weekly chart to find out long-term targets. As per our analysis, it would be crucial for LTC to first go above $76 in order to sustain its bull rally.

A breakout above that would allow it to reach $91 before it reaches $113.

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