Litecoin is showing positive momentum with price above key moving averages, but RSI suggests it may be overbought. Recent price action indicates support near $98 and resistance near $100.50.
Current Market Position
LTC is trading at $100.33, up 3.57% in 24 hours. The price is above both the 20-day ($99.66) and 50-day ($97.90) simple moving averages, indicating bullish momentum.
RSI Indicator Reading
The RSI is at 65.80, which is approaching overbought territory (above 70). This suggests the price might be due for a small pullback before continuing upward.
Support and Resistance Levels
Recent local lows show support around $98.94, while local highs indicate resistance near $100.54. These levels help identify potential entry and exit points.
Trading Strategy
Consider buying near support levels and selling near resistance. The current upward trend suggests holding with caution due to elevated RSI levels.
Beginner Recommendations
Advice: hold
Buy Price: 98.94 USDT
Sell Price: 100.54 USDT
Key metrics
| Price | 100.3300 USDT |
| 24h Change | 3.57% |
| RSI(14) | 65.80 |
| SMA20 / SMA50 | 99.66 / 97.90 |
| Daily Volatility | 2.70% |
| 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.
