Litecoin has surged 11% in 24 hours to $118.27, showing strong momentum but potentially overbought conditions with RSI at 70.57. Current price sits above both 20-day ($114.24) and 50-day ($109.44) moving averages, indicating bullish trend strength.
Price Momentum
LTC jumped from around $105 to over $121 recently, showing strong buying pressure. The 24-hour change of +11.17% indicates significant momentum.
RSI Warning
The RSI of 70.57 suggests LTC may be overbought. Typically, RSI above 70 means the asset might be due for a pullback as it could be overvalued in the short term.
Support and Resistance
Key support levels are around $105-110 based on recent lows. Resistance is near $121 from the recent peak. The price is currently testing levels between these zones.
Moving Averages
Price above both 20-day and 50-day SMAs confirms the uptrend. This often suggests continued bullish sentiment if the price holds above these levels.
Beginner Recommendations
Advice: hold
Buy Price: 110.61 USDT
Sell Price: 121.33 USDT
Key metrics
| Price | 118.2700 USDT |
| 24h Change | 11.17% |
| RSI(14) | 70.57 |
| SMA20 / SMA50 | 114.24 / 109.44 |
| Daily Volatility | 3.21% |
| 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.
