LTC is currently trading at $90.17 with strong momentum but overbought RSI. Recent history shows volatility between $85-90 levels. Caution advised due to high RSI.
Current Price Action
Price is above both 20-day and 50-day moving averages, showing bullish momentum. The 3.04% 24-hour gain indicates strong buying pressure.
RSI Warning Signal
RSI at 78 suggests LTC is overbought. This often precedes a price correction. Beginners should wait for better entry points.
Support and Resistance Levels
Key support sits around $86.28 (recent local min). Resistance is near $89.53 (recent local max). Price may test these levels soon.
Trading Strategy
Wait for pullback to buy near support. Consider taking profits near resistance. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 86.28 USDT
Sell Price: 89.53 USDT
Key metrics
| Price | 90.1700 USDT |
| 24h Change | 3.04% |
| RSI(14) | 78.07 |
| SMA20 / SMA50 | 87.84 / 87.76 |
| Daily Volatility | 4.72% |
| Sentiment | Bearish |
| Risk level | High |
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.
