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Litecoin Price Prediction as LTC Bounces Up 20% From Recent Bottom

As broader cryptocurrency markets come under pressure, Litecoin (LTC) is no exception. The cryptocurrency was last changing hands at around $79 per token. That means it's down a little over 10% this month, and is down about 25% versus earlier annual highs in the $105 area. Still, Litecoin is around 20% higher versus its mid-March lows in the $65 per token area. Indeed, Litecoin continues to trade above an uptrend that has been in play since last November, though its recent dip below its 200-Day Moving Average is a bearish sign. Litecoin has already surpassed the psychologically important $100 level on multiple occasions in 2023.

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