Litecoin is trading near $104 with oversold RSI and stable moving averages, suggesting a potential rebound. Recent price action shows support near $103.60 and resistance near $104.90.
Current Market Overview
LTC is at $104.01, slightly below its 20-day average. The RSI of 27 indicates oversold conditions, which often precedes a price increase. Volume is moderate.
Key Support and Resistance
Support levels (local_min) are around $103.60, where buyers have stepped in. Resistance (local_max) is near $104.90, where selling pressure has increased.
Trading Strategy
Consider buying near support at $103.60 for a bounce. Sell near resistance at $104.90 to lock in gains. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 103.6 USDT
Sell Price: 104.9 USDT
Key metrics
| Price | 104.0100 USDT |
| 24h Change | 0.29% |
| RSI(14) | 27.33 |
| SMA20 / SMA50 | 104.33 / 103.88 |
| Daily Volatility | 2.82% |
| Sentiment | Bullish |
| 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.
