Timely maintenance and accurate fault prediction of rotating machinery are essential for ensuring system availability, minimizing downtime, and contributing to sustainable production. This paper proposes a novel approach based on long-range dependence (LRD) and particle filter (PF) for degradation trend prediction of rotating machinery, taking the rolling bearing as an example. In this work, the degradation prediction is evaluated based on two health indicators time series; i.e., equivalent vibration severity (EVI) time series and kurtosis time series. Specifically, the degradation trend prediction issues here addressed have the following two distinctive features: (i) EVI time series with weak LRD property and (ii) kurtosis time series with sharp transition points (STPs) in the forecasted region. The core idea is that the parameters distribution of the LRD model can be updated recursively by the particle filter algorithm; i.e., the parameters degradation of the LRD model are restrained, and thus the prognostic results could be generated real-time, wherein the initial LRD model is designed randomly. The prediction results demonstrate that the significant improvements in prediction accuracy are obtained with the proposed method compared to some state-of-the-art approaches such as the autoregressive-moving-average (ARMA) model and the fractional order characteristic (FOC) model, etc.