LTC has surged over 9% in 24 hours to $85.24, showing strong momentum but entering overbought territory with RSI at 86.48. The price is above both 20-day and 50-day moving averages, indicating bullish trend continuation. Recent local lows around $75-77 provide support levels, while resistance sits near $84-86.
Current Market Situation
Litecoin is currently trading at $85.24, up 9.86% in the last 24 hours. The price has broken above key moving averages ($82.54 SMA20 and $79.35 SMA50), showing strong upward momentum. However, the RSI indicator at 86.48 suggests the asset is significantly overbought, which often precedes a pullback.
Price Action Analysis
Looking at recent hourly data, LTC found strong support around $75.20 (December 1st low) and has been climbing steadily since. The most recent local minimum was $77.36, while resistance levels cluster between $84.28 and $86.03. Volume spiked during the initial breakout, indicating genuine buying interest.
Trading Strategy
Given the overbought conditions, waiting for a pullback to support levels makes sense for new buyers. The $77-78 area (recent local minima) offers a safer entry point. For those holding LTC, consider taking profits near resistance levels as the RSI suggests limited upside in the short term.
Risk Management
Always use stop-loss orders to protect your capital. If buying near current prices, consider a stop-loss below $82 (SMA20 support). Never invest more than you can afford to lose, and consider dollar-cost averaging if you believe in LTC’s long-term prospects.
Beginner Recommendations
Advice: hold
Buy Price: 77.5 USDT
Sell Price: 85.5 USDT
Key metrics
| Price | 85.2400 USDT |
| 24h Change | 9.86% |
| RSI(14) | 86.48 |
| SMA20 / SMA50 | 82.54 / 79.35 |
| Daily Volatility | 3.59% |
| Sentiment | Bullish |
| 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.
