• bitcoinBitcoin (BTC) $ 97,552.00
  • bitcoinBitcoin (BTC) $ 97,552.00
  • bitcoinBitcoin (BTC) $ 97,552.00
  • bitcoinBitcoin (BTC) $ 97,552.00
  • ethereumEthereum (ETH) $ 3,407.25
  • ethereumEthereum (ETH) $ 3,407.25
  • ethereumEthereum (ETH) $ 3,407.25
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  • tetherTether (USDT) $ 0.999391
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  • xrpXRP (XRP) $ 2.25
  • xrpXRP (XRP) $ 2.25
  • xrpXRP (XRP) $ 2.25
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  • bnbBNB (BNB) $ 667.36
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  • bnbBNB (BNB) $ 667.36
  • bnbBNB (BNB) $ 667.36
  • solanaSolana (SOL) $ 187.50
  • solanaSolana (SOL) $ 187.50
  • solanaSolana (SOL) $ 187.50
  • solanaSolana (SOL) $ 187.50
  • dogecoinDogecoin (DOGE) $ 0.327511
  • dogecoinDogecoin (DOGE) $ 0.327511
  • dogecoinDogecoin (DOGE) $ 0.327511
  • dogecoinDogecoin (DOGE) $ 0.327511
  • usd-coinUSDC (USDC) $ 1.00
  • usd-coinUSDC (USDC) $ 1.00
  • usd-coinUSDC (USDC) $ 1.00
  • usd-coinUSDC (USDC) $ 1.00
  • cardanoCardano (ADA) $ 0.929529
  • cardanoCardano (ADA) $ 0.929529
  • cardanoCardano (ADA) $ 0.929529
  • cardanoCardano (ADA) $ 0.929529
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • staked-etherLido Staked Ether (STETH) $ 3,405.21
  • tronTRON (TRX) $ 0.246743
  • tronTRON (TRX) $ 0.246743
  • tronTRON (TRX) $ 0.246743
  • tronTRON (TRX) $ 0.246743
  • avalanche-2Avalanche (AVAX) $ 39.44
  • avalanche-2Avalanche (AVAX) $ 39.44
  • avalanche-2Avalanche (AVAX) $ 39.44
  • avalanche-2Avalanche (AVAX) $ 39.44
  • chainlinkChainlink (LINK) $ 23.16
  • chainlinkChainlink (LINK) $ 23.16
  • chainlinkChainlink (LINK) $ 23.16
  • chainlinkChainlink (LINK) $ 23.16
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • wrapped-stethWrapped stETH (WSTETH) $ 4,059.74
  • the-open-networkToncoin (TON) $ 5.38
  • the-open-networkToncoin (TON) $ 5.38
  • the-open-networkToncoin (TON) $ 5.38
  • the-open-networkToncoin (TON) $ 5.38
  • suiSui (SUI) $ 4.67
  • suiSui (SUI) $ 4.67
  • suiSui (SUI) $ 4.67
  • suiSui (SUI) $ 4.67
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 97,488.00
  • stellarStellar (XLM) $ 0.366348
  • stellarStellar (XLM) $ 0.366348
  • stellarStellar (XLM) $ 0.366348
  • stellarStellar (XLM) $ 0.366348
  • polkadotPolkadot (DOT) $ 7.25
  • polkadotPolkadot (DOT) $ 7.25
  • polkadotPolkadot (DOT) $ 7.25
  • polkadotPolkadot (DOT) $ 7.25
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • hedera-hashgraphHedera (HBAR) $ 0.260505
  • wethWETH (WETH) $ 3,409.35
  • wethWETH (WETH) $ 3,409.35
  • wethWETH (WETH) $ 3,409.35
  • wethWETH (WETH) $ 3,409.35
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • bitcoin-cashBitcoin Cash (BCH) $ 459.49
  • leo-tokenLEO Token (LEO) $ 9.31
  • leo-tokenLEO Token (LEO) $ 9.31
  • leo-tokenLEO Token (LEO) $ 9.31
  • leo-tokenLEO Token (LEO) $ 9.31
  • uniswapUniswap (UNI) $ 13.55
  • uniswapUniswap (UNI) $ 13.55
  • uniswapUniswap (UNI) $ 13.55
  • uniswapUniswap (UNI) $ 13.55
  • pepePepe (PEPE) $ 0.000018
  • pepePepe (PEPE) $ 0.000018
  • pepePepe (PEPE) $ 0.000018
  • pepePepe (PEPE) $ 0.000018
  • litecoinLitecoin (LTC) $ 101.52
  • litecoinLitecoin (LTC) $ 101.52
  • litecoinLitecoin (LTC) $ 101.52
  • litecoinLitecoin (LTC) $ 101.52
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • wrapped-eethWrapped eETH (WEETH) $ 3,596.97
  • nearNEAR Protocol (NEAR) $ 5.22
  • nearNEAR Protocol (NEAR) $ 5.22
  • nearNEAR Protocol (NEAR) $ 5.22
  • nearNEAR Protocol (NEAR) $ 5.22
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • ethena-usdeEthena USDe (USDE) $ 0.998773
  • bitget-tokenBitget Token (BGB) $ 4.13
  • bitget-tokenBitget Token (BGB) $ 4.13
  • bitget-tokenBitget Token (BGB) $ 4.13
  • bitget-tokenBitget Token (BGB) $ 4.13
  • aptosAptos (APT) $ 10.28
  • aptosAptos (APT) $ 10.28
  • aptosAptos (APT) $ 10.28
  • aptosAptos (APT) $ 10.28
  • usdsUSDS (USDS) $ 0.999776
  • usdsUSDS (USDS) $ 0.999776
  • usdsUSDS (USDS) $ 0.999776
  • usdsUSDS (USDS) $ 0.999776
  • internet-computerInternet Computer (ICP) $ 10.56
  • internet-computerInternet Computer (ICP) $ 10.56
  • internet-computerInternet Computer (ICP) $ 10.56
  • internet-computerInternet Computer (ICP) $ 10.56
  • aaveAave (AAVE) $ 313.52
  • aaveAave (AAVE) $ 313.52
  • aaveAave (AAVE) $ 313.52
  • aaveAave (AAVE) $ 313.52
  • crypto-com-chainCronos (CRO) $ 0.163611
  • crypto-com-chainCronos (CRO) $ 0.163611
  • crypto-com-chainCronos (CRO) $ 0.163611
  • crypto-com-chainCronos (CRO) $ 0.163611
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.489387
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • ethereum-classicEthereum Classic (ETC) $ 26.69
  • mantleMantle (MNT) $ 1.19
  • mantleMantle (MNT) $ 1.19
  • mantleMantle (MNT) $ 1.19
  • mantleMantle (MNT) $ 1.19
  • render-tokenRender (RENDER) $ 7.41
  • render-tokenRender (RENDER) $ 7.41
  • render-tokenRender (RENDER) $ 7.41
  • render-tokenRender (RENDER) $ 7.41
  • vechainVeChain (VET) $ 0.047085
  • vechainVeChain (VET) $ 0.047085
  • vechainVeChain (VET) $ 0.047085
  • vechainVeChain (VET) $ 0.047085
  • mantra-daoMANTRA (OM) $ 3.90
  • mantra-daoMANTRA (OM) $ 3.90
  • mantra-daoMANTRA (OM) $ 3.90
  • mantra-daoMANTRA (OM) $ 3.90
  • moneroMonero (XMR) $ 192.75
  • moneroMonero (XMR) $ 192.75
  • moneroMonero (XMR) $ 192.75
  • moneroMonero (XMR) $ 192.75
  • bittensorBittensor (TAO) $ 477.48
  • bittensorBittensor (TAO) $ 477.48
  • bittensorBittensor (TAO) $ 477.48
  • bittensorBittensor (TAO) $ 477.48
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • whitebitWhiteBIT Coin (WBT) $ 24.44
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.32
  • daiDai (DAI) $ 0.999860
  • daiDai (DAI) $ 0.999860
  • daiDai (DAI) $ 0.999860
  • daiDai (DAI) $ 0.999860
  • ethenaEthena (ENA) $ 1.13
  • ethenaEthena (ENA) $ 1.13
  • ethenaEthena (ENA) $ 1.13
  • ethenaEthena (ENA) $ 1.13
  • arbitrumArbitrum (ARB) $ 0.782794
  • arbitrumArbitrum (ARB) $ 0.782794
  • arbitrumArbitrum (ARB) $ 0.782794
  • arbitrumArbitrum (ARB) $ 0.782794
  • kaspaKaspa (KAS) $ 0.123876
  • kaspaKaspa (KAS) $ 0.123876
  • kaspaKaspa (KAS) $ 0.123876
  • kaspaKaspa (KAS) $ 0.123876
  • filecoinFilecoin (FIL) $ 5.10
  • filecoinFilecoin (FIL) $ 5.10
  • filecoinFilecoin (FIL) $ 5.10
  • filecoinFilecoin (FIL) $ 5.10
  • fantomFantom (FTM) $ 1.04
  • fantomFantom (FTM) $ 1.04
  • fantomFantom (FTM) $ 1.04
  • fantomFantom (FTM) $ 1.04
  • algorandAlgorand (ALGO) $ 0.344635
  • algorandAlgorand (ALGO) $ 0.344635
  • algorandAlgorand (ALGO) $ 0.344635
  • algorandAlgorand (ALGO) $ 0.344635
  • okbOKB (OKB) $ 45.40
  • okbOKB (OKB) $ 45.40
  • okbOKB (OKB) $ 45.40
  • okbOKB (OKB) $ 45.40
  • cosmosCosmos Hub (ATOM) $ 6.85
  • cosmosCosmos Hub (ATOM) $ 6.85
  • cosmosCosmos Hub (ATOM) $ 6.85
  • cosmosCosmos Hub (ATOM) $ 6.85
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.68
  • blockstackStacks (STX) $ 1.73
  • blockstackStacks (STX) $ 1.73
  • blockstackStacks (STX) $ 1.73
  • blockstackStacks (STX) $ 1.73
  • ondo-financeOndo (ONDO) $ 1.77
  • ondo-financeOndo (ONDO) $ 1.77
  • ondo-financeOndo (ONDO) $ 1.77
  • ondo-financeOndo (ONDO) $ 1.77
  • optimismOptimism (OP) $ 1.86
  • optimismOptimism (OP) $ 1.86
  • optimismOptimism (OP) $ 1.86
  • optimismOptimism (OP) $ 1.86
  • bonkBonk (BONK) $ 0.000032
  • bonkBonk (BONK) $ 0.000032
  • bonkBonk (BONK) $ 0.000032
  • bonkBonk (BONK) $ 0.000032
  • immutable-xImmutable (IMX) $ 1.42
  • immutable-xImmutable (IMX) $ 1.42
  • immutable-xImmutable (IMX) $ 1.42
  • immutable-xImmutable (IMX) $ 1.42
  • celestiaCelestia (TIA) $ 5.22
  • celestiaCelestia (TIA) $ 5.22
  • celestiaCelestia (TIA) $ 5.22
  • celestiaCelestia (TIA) $ 5.22
  • movementMovement (MOVE) $ 0.987617
  • movementMovement (MOVE) $ 0.987617
  • movementMovement (MOVE) $ 0.987617
  • movementMovement (MOVE) $ 0.987617
  • theta-tokenTheta Network (THETA) $ 2.22
  • theta-tokenTheta Network (THETA) $ 2.22
  • theta-tokenTheta Network (THETA) $ 2.22
  • theta-tokenTheta Network (THETA) $ 2.22
  • injective-protocolInjective (INJ) $ 21.69
  • injective-protocolInjective (INJ) $ 21.69
  • injective-protocolInjective (INJ) $ 21.69
  • injective-protocolInjective (INJ) $ 21.69
  • dogwifcoindogwifhat (WIF) $ 2.07
  • dogwifcoindogwifhat (WIF) $ 2.07
  • dogwifcoindogwifhat (WIF) $ 2.07
  • dogwifcoindogwifhat (WIF) $ 2.07
  • the-graphThe Graph (GRT) $ 0.217310
  • the-graphThe Graph (GRT) $ 0.217310
  • the-graphThe Graph (GRT) $ 0.217310
  • the-graphThe Graph (GRT) $ 0.217310
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,407.14
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 97,609.00
  • sei-networkSei (SEI) $ 0.442659
  • sei-networkSei (SEI) $ 0.442659
  • sei-networkSei (SEI) $ 0.442659
  • sei-networkSei (SEI) $ 0.442659
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030064
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • worldcoin-wldWorldcoin (WLD) $ 2.29
  • thorchainTHORChain (RUNE) $ 5.24
  • thorchainTHORChain (RUNE) $ 5.24
  • thorchainTHORChain (RUNE) $ 5.24
  • thorchainTHORChain (RUNE) $ 5.24
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,510.94
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.995950
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,815.63
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • jasmycoinJasmyCoin (JASMY) $ 0.034653
  • flokiFLOKI (FLOKI) $ 0.000174
  • flokiFLOKI (FLOKI) $ 0.000174
  • flokiFLOKI (FLOKI) $ 0.000174
  • flokiFLOKI (FLOKI) $ 0.000174
  • gatechain-tokenGate (GT) $ 13.12
  • gatechain-tokenGate (GT) $ 13.12
  • gatechain-tokenGate (GT) $ 13.12
  • gatechain-tokenGate (GT) $ 13.12
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,585.72
  • lido-daoLido DAO (LDO) $ 1.75
  • lido-daoLido DAO (LDO) $ 1.75
  • lido-daoLido DAO (LDO) $ 1.75
  • lido-daoLido DAO (LDO) $ 1.75
  • galaGALA (GALA) $ 0.036924
  • galaGALA (GALA) $ 0.036924
  • galaGALA (GALA) $ 0.036924
  • galaGALA (GALA) $ 0.036924
  • flare-networksFlare (FLR) $ 0.027571
  • flare-networksFlare (FLR) $ 0.027571
  • flare-networksFlare (FLR) $ 0.027571
  • flare-networksFlare (FLR) $ 0.027571
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.91
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,666.00
  • makerMaker (MKR) $ 1,671.17
  • makerMaker (MKR) $ 1,671.17
  • makerMaker (MKR) $ 1,671.17
  • makerMaker (MKR) $ 1,671.17
  • beam-2Beam (BEAM) $ 0.027940
  • beam-2Beam (BEAM) $ 0.027940
  • beam-2Beam (BEAM) $ 0.027940
  • beam-2Beam (BEAM) $ 0.027940
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • the-sandboxThe Sandbox (SAND) $ 0.579091
  • fasttokenFasttoken (FTN) $ 3.32
  • fasttokenFasttoken (FTN) $ 3.32
  • fasttokenFasttoken (FTN) $ 3.32
  • fasttokenFasttoken (FTN) $ 3.32
  • usual-usdUsual USD (USD0) $ 1.00
  • usual-usdUsual USD (USD0) $ 1.00
  • usual-usdUsual USD (USD0) $ 1.00
  • usual-usdUsual USD (USD0) $ 1.00
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • pyth-networkPyth Network (PYTH) $ 0.378403
  • nexoNEXO (NEXO) $ 1.36
  • nexoNEXO (NEXO) $ 1.36
  • nexoNEXO (NEXO) $ 1.36
  • nexoNEXO (NEXO) $ 1.36
  • tezosTezos (XTZ) $ 1.33
  • tezosTezos (XTZ) $ 1.33
  • tezosTezos (XTZ) $ 1.33
  • tezosTezos (XTZ) $ 1.33
  • kaiaKaia (KAIA) $ 0.229240
  • kaiaKaia (KAIA) $ 0.229240
  • kaiaKaia (KAIA) $ 0.229240
  • kaiaKaia (KAIA) $ 0.229240
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • kucoin-sharesKuCoin (KCS) $ 11.21
  • based-brettBrett (BRETT) $ 0.133141
  • based-brettBrett (BRETT) $ 0.133141
  • based-brettBrett (BRETT) $ 0.133141
  • based-brettBrett (BRETT) $ 0.133141
  • raydiumRaydium (RAY) $ 4.48
  • raydiumRaydium (RAY) $ 4.48
  • raydiumRaydium (RAY) $ 4.48
  • raydiumRaydium (RAY) $ 4.48
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 97,465.00
  • eosEOS (EOS) $ 0.833377
  • eosEOS (EOS) $ 0.833377
  • eosEOS (EOS) $ 0.833377
  • eosEOS (EOS) $ 0.833377

Litecoin price prediction: LTC to mark new 2023 low as whales’ inactivity hits a three-year high

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  • Litecoin price is close to falling below $60, leaving it only 2.4% away from establishing new year-to-date lows.
  • Litecoin whale transaction volume is averaging at $3 billion on a weekly basis, the lowest since November 2020.
  • Sharing a 0.73 correlation with Bitcoin, LTC is largely dependent on BTC to drive its recovery.

Litecoin price has been, is presently and will likely continue to follow the lead of Bitcoin. But beyond the high correlation it shares with the asset, it is also vulnerable to a decline owing to the lack of action from its whale addresses.

Litecoin price nearing new lows

Litecoin price at the time of writing is trading at $61, standing about 2.4% above the current year-to-date low of $58. The cryptocurrency is likely set to fall through this level and mark a new 2023 low, potentially testing the support line at $58.

The Relative Strength Index (RSI), which indicates the momentum building up in the case of LTC, is leaning bearish and could result in further decline, given the indicator is already below the neutral line of 50.0.

Litecoin price prediction: LTC to mark new 2023 low as whales’ inactivity hits a three-year high

LTC/USD 1-day chart

But in the event that LTC bounces off the $58 support and climbs back to reclaim the support line of $63, it would have an opportunity to breach the 50-day Exponential Moving Average (EMA), which it failed to do at the beginning of the month.

Whale activity suggests recovery might be slow

Litecoin shares a pretty strong correlation with Bitcoin. Over the past couple of weeks, this correlation has hovered around 0.73, which makes LTC’s price action vulnerable to volatility in BTC.

Litecoin price prediction: LTC to mark new 2023 low as whales’ inactivity hits a three-year high

Litecoin correlation with Bitcoin

However, beyond the broader market cues, the lack of recovery observed in September in the case of Litecoin price is due to the declining whale activity. Even though the whale addresses (addresses conducting transactions worth more than $100,000) only control 11% of the entire circulating supply, their buying and selling still triggers the market.

Similarly, the LTC market remains liquid when these addresses conduct transactions, and likewise, the lack of it causes distress in the price action. At the time of writing, their weekly average transaction volume has hit $3.01 billion, which is the lowest since November 2020.

Litecoin price prediction: LTC to mark new 2023 low as whales’ inactivity hits a three-year high

Litecoin whale transaction volume

This could trigger caution among investors, reducing transactions and on-chain activity, which will make recovery slower for Litecoin price.

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