Litecoin price has seen a stronger rise in recent weeks.

Litecoin has been one of the most interesting cryptocurrencies on the market in recent months. Especially in the fourth quarter of 2022, the Litecoin price saw stronger price increases than many other coins. With the bullish phase of the market in the first weeks of 2023, the price of LTC continued to rise.

At the turn of the year 2022/2023, the price of Litecoin was still $70. Over the course of January, the price of LTC rose continuously. The Litecoin price was already at $95 at the end of January.

Shortly thereafter, the Litecoin price rose above the $100 mark. After a week in February, the LTC price briefly fell below $90. It then climbed back above the $100 mark. In the last few days, the price has fallen slightly again, and it was hovering around 90 dollars.

Litecoin was able to rally more strongly, especially after the FTX bankruptcy. Here Litecoin helps make it more established and works according to similar laws as Bitcoin. The FTX token implosion, as well as other implosions such as Terra (LUNA) and Celsius, have increased confidence in Litecoin.

Then, in 2023, Litecoin was able to benefit from bitcoin’s strong rallies, sparking an overall bull market.

What is the Litecoin forecast for March 2023?

Litecoin should continue to rise in the coming weeks if the market remains bullish. The price action over the past several weeks suggests that we have bottomed out in the market and we should see a medium-term rally in the market over the next few weeks.

If Bitcoin bounces above the $25,000 resistance in the next few weeks, then Litecoin should also rally significantly and break above the $100 mark. Therefore, the Litecoin forecast should be positive.

Therefore, the Litecoin price should rise again in the course of March 2023. The strength of this rise in the coming weeks largely depends on the course of Bitcoin. If Bitcoin breaks the $25,000 resistance, Litecoin should rally sharply above $100 as well.

Even with just a slight rise in Bitcoin, Litecoin is likely to rally back above the $100 mark. A rise in the market seems very likely and Litecoin should gain at least 10-15 percent.

Therefore, a Litecoin Forecast of $100 to $115 is assumed by the end of March 2023.

Should You Invest in LTC?

Litecoin is a good alternative to Bitcoin. It works very similar to Bitcoin and has a lot in common with its big brother. Especially at a time when regulators are taking a closer look at altcoins and, above all, proof-of-stake networks, Litecoin could be a better alternative to Bitcoin.

By Audy Castaneda

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