Litecoin (LTC) investors are looking forward to a monumental 2023, a year when the digital asset is expected to undergo its halving event. Indeed, the event is projected to have a bullish impact on LTC’s value.
Overall, Litecoin has been an asset of focus in recent months after demonstrating signs of a bullish breakout.
Moving forward, the machine learning algorithms at the digital asset tracking website PricePredictions projects that Litecoin is likely to sustain a bullish momentum in the coming weeks. According to the 30-day forecast, LTC will likely trade at $84.89 on January 31, 2023.
As per the forecast, if Litecoin attains the price level, it will represent a rally of about 4% from the asset’s price at the time of publishing.
Litecoin 30-day price forecast chart. Source: PricePredictions
It’s worth noting that the forecast puts into consideration different technical indicators, such as the Bollinger Bands (BB), moving averages (MA), moving average convergence diverg
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