Litecoin is currently oversold with an RSI below 15, indicating potential for a short-term bounce. However, it has dropped significantly in the last 24 hours and is trading below key moving averages, suggesting caution.
Current Market State
LTC is trading at $106.67, down 7.15% in 24 hours. The RSI is extremely low at 14.49, which often signals oversold conditions where prices might temporarily rebound.
Key Levels to Watch
Recent support (local_min) is around $113.61, while resistance (local_max) is near $115.85. The price is below both the 20-day and 50-day SMAs, indicating a bearish trend.
Trading Suggestion
Consider buying near recent support at $113.61 if the price stabilizes, with a target to sell near resistance at $115.85. Given the high volatility and negative momentum, this trade carries medium risk.
Beginner Recommendations
Advice: hold
Buy Price: 113.61 USDT
Sell Price: 115.85 USDT
Key metrics
Price | 106.6700 USDT |
24h Change | -7.15% |
RSI(14) | 14.49 |
SMA20 / SMA50 | 113.41 / 113.99 |
Daily Volatility | 2.64% |
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.