Litecoin is trading near key moving averages with neutral momentum. Recent price action shows consolidation between $113.60-$115.60. RSI indicates balanced conditions without extreme overbought or oversold signals.
Current Market Position
LTC is trading at $114.87, very close to both its 20-day ($114.21) and 50-day ($114.74) simple moving averages. This suggests the price is at an equilibrium point where neither bulls nor bears have clear control.
Support and Resistance Levels
The recent local minimums around $113.60-$113.80 provide strong support levels. Resistance appears around $115.20-$115.60 based on recent price rejections at these levels.
Trading Strategy
Consider buying near support around $113.80 and selling near resistance around $115.50. The RSI at 54 indicates neutral momentum, making this a range-bound trading opportunity rather than a strong directional move.
Risk Management
Always use stop-loss orders below support levels. Given the consolidation pattern, set stops below $113.50 to protect against breakdowns from the current trading range.
Beginner Recommendations
Advice: hold
Buy Price: 113.8 USDT
Sell Price: 115.5 USDT
Key metrics
| Price | 114.8700 USDT |
| 24h Change | 0.39% |
| RSI(14) | 54.20 |
| SMA20 / SMA50 | 114.21 / 114.74 |
| Daily Volatility | 2.24% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
