Litecoin is showing moderate bullish momentum with price above key moving averages, but RSI suggests it’s approaching overbought territory. Recent price action indicates support near $103 and resistance around $107.
Current Market Position
LTC is trading at $105.86, slightly above both its 20-day ($105.56) and 50-day ($104.72) moving averages, indicating short-term bullish momentum.
RSI Indicator
The RSI at 64.47 suggests LTC is getting closer to overbought levels (above 70). This means the price might face resistance soon.
Support and Resistance
Recent local lows around $103.18 provide strong support, while local highs near $106.93 act as resistance. The price is currently between these levels.
Trading Strategy
Consider buying near support at $103.50 and selling near resistance at $106.50. Current price is closer to resistance, so waiting for a pullback might be wise.
Beginner Recommendations
Advice: hold
Buy Price: 103.5 USDT
Sell Price: 106.5 USDT
Key metrics
| Price | 105.8600 USDT |
| 24h Change | 1.76% |
| RSI(14) | 64.47 |
| SMA20 / SMA50 | 105.56 / 104.72 |
| Daily Volatility | 2.41% |
| 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.
