Sentiment: Bearish
Litecoin is showing significant momentum this week, with LTCUSDT surging 9% in the past 24 hours to trade at $84.95. This rally has pushed the price decisively above both the 20-day SMA ($82.84) and the 50-day SMA ($79.50), confirming a bullish technical structure. However, a major red flag is flashing: the RSI has rocketed to an extremely overbought level of 82.6. This indicates the move is overheated and a near-term pullback is highly probable. The elevated 24-hour volume of over $41.6 million confirms strong trader interest, but also suggests potential exhaustion. The current volatility of 3.58% is manageable but could spike during a correction. Trading advice: While the trend is up, chasing the market here is risky. Existing long positions should consider taking partial profits or tightening stop-losses to protect gains. New entries should wait for a healthy retracement, ideally towards the $82-$83 support zone (the 20-day SMA), or for the RSI to cool below 70. Avoid FOMO at these levels.
Key Metrics
| Price | 84.9500 USDT |
| 24h Change | 9.01% |
| 24h Volume | 41635709.64 |
| RSI(14) | 82.59 |
| SMA20 / SMA50 | 82.84 / 79.50 |
| Daily Volatility | 3.58% |
Litecoin — 1h candles, 7D window (SMA20/SMA50, RSI).
