Litecoin is currently consolidating around $91, just above its 50 and 100-Day Moving Averages. The upcoming halving event, which is only 70 days away, will see the block reward decrease from 12.5 LTC to 6.25 LTC, resulting in a drop in the inflation rate from 3.67% to 1.8%. Despite macro headwinds, Litecoin's technical set-up suggests short to medium-term upside, with a retest of annual highs to the north of $100 per token on the cards. However, investors hoping for Litecoin to reach $1,000 per token in 2023 should temper their optimism, as it would require a 10x increase from current levels in a short period of time.