Litecoin is currently trading at $120.96, showing slight weakness with a 0.53% 24-hour decline. The price is hovering near recent highs but faces resistance around $123. Technical indicators suggest a neutral to slightly bullish short-term outlook with moderate risk.
Current Market Position
LTC is trading at $120.96, just above both the 20-day ($119.62) and 50-day ($119.71) moving averages. This suggests the short-term trend is slightly positive, but the price is struggling to break above recent resistance levels.
Key Support and Resistance Levels
The recent local minimums around $117.80 provide strong support, while the local maximums near $123.88 act as resistance. These levels help identify potential entry and exit points for trades.
RSI and Volume Analysis
The RSI at 56.64 indicates neither overbought nor oversold conditions – it’s in a neutral zone. Recent volume spikes during price moves suggest genuine interest, but current volume is moderate.
Trading Strategy
Consider buying near support levels around $118.40 for potential upside to resistance at $123.00. Always use stop-loss orders to manage risk, especially in volatile crypto markets.
Beginner Recommendations
Advice: hold
Buy Price: 118.4 USDT
Sell Price: 123.0 USDT
Key metrics
| Price | 120.9600 USDT |
| 24h Change | -0.53% |
| RSI(14) | 56.64 |
| SMA20 / SMA50 | 119.62 / 119.71 |
| Daily Volatility | 3.49% |
| 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.
