Litecoin is currently trading at $100.18, showing slight weakness with a 0.17% 24-hour decline. The RSI indicates oversold conditions, suggesting potential for a bounce. Recent price action shows support around $98.69 and resistance near $100.90.
Current Market Position
LTC is trading at $100.18, slightly below its 20-day average of $100.28 but above its 50-day average of $99.64. The RSI of 31 suggests the asset is oversold, which often precedes price rebounds.
Support and Resistance Levels
Recent local lows around $98.69 provide strong support, while local highs near $100.90 act as resistance. The price has been bouncing between these levels recently.
Trading Strategy
With oversold conditions and price near support, this presents a potential buying opportunity. Consider buying near support levels and selling when approaching resistance.
Risk Management
Always use stop-loss orders below support levels to protect your investment. Never invest more than you can afford to lose in cryptocurrency trading.
Beginner Recommendations
Advice: buy
Buy Price: 98.69 USDT
Sell Price: 100.9 USDT
Key metrics
| Price | 100.1800 USDT |
| 24h Change | -0.17% |
| RSI(14) | 30.96 |
| SMA20 / SMA50 | 100.28 / 99.64 |
| Daily Volatility | 3.00% |
| 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.
