Litecoin is currently in a downtrend but shows signs of potential reversal with oversold RSI levels. Current price is below key moving averages, suggesting caution.
Current Market Situation
LTC is trading at $93.47, down 0.45% in 24 hours. The price is below both 20-day ($95.24) and 50-day ($94.71) moving averages, indicating bearish momentum.
Technical Indicators
RSI at 29.7 shows LTC is oversold, which often precedes a price bounce. Volume has been consistent, suggesting ongoing market interest.
Price Levels to Watch
Recent local low of $91.24 provides strong support. Resistance appears around $96.53, the recent high. The price has been bouncing between these levels.
Trading Strategy
Consider buying near support levels and selling near resistance. Use stop-loss orders to manage risk as crypto markets can be volatile.
Beginner Recommendations
Advice: buy
Buy Price: 91.5 USDT
Sell Price: 96.5 USDT
Key metrics
| Price | 93.4700 USDT |
| 24h Change | -0.45% |
| RSI(14) | 29.75 |
| SMA20 / SMA50 | 95.24 / 94.71 |
| Daily Volatility | 5.32% |
| 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.
