LTC is showing strong momentum with price above key moving averages and RSI in bullish territory. Recent volatility suggests potential for both entry and profit-taking opportunities.
Current Price Action
Price at $108.91 is above both 20-day ($108.03) and 50-day ($103.81) moving averages, indicating bullish momentum. The 8.6% 24-hour gain shows strong buying pressure.
RSI Indicator
RSI at 63.5 suggests the asset is in bullish territory but not yet overbought. This leaves room for potential upward movement before reaching extreme levels.
Support and Resistance
Key support levels are around $99-100 based on recent local lows. Resistance appears near $111.50, which price has tested twice recently.
Volume Analysis
Volume spikes during price moves indicate genuine interest. The recent high volume during upward moves supports the bullish case.
Trading Strategy
Consider buying near support levels for better risk-reward. Take profits near resistance if you’re trading short-term. Always use stop-losses to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 100.0 USDT
Sell Price: 111.5 USDT
Key metrics
| Price | 108.9100 USDT |
| 24h Change | 8.62% |
| RSI(14) | 63.46 |
| SMA20 / SMA50 | 108.03 / 103.81 |
| Daily Volatility | 7.63% |
| 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.
