Litecoin is showing signs of stabilization after recent volatility. Current price is near recent lows with oversold RSI, suggesting potential for a bounce. Key support and resistance levels provide clear entry and exit points.
Current Market Position
LTC is trading at $87.5, slightly above recent lows. The RSI at 40 indicates oversold conditions, which often precedes price recovery. Volume has been moderate, showing steady interest.
Support and Resistance Levels
Recent local lows around $83-85 provide strong support. The highest recent peak was $89.53, which acts as resistance. These levels help identify where to buy and sell.
Moving Average Analysis
Price is between the 20-day ($88.2) and 50-day ($86.93) moving averages. This suggests the market is consolidating and could break in either direction soon.
Trading Strategy
Consider buying near support at $85 and selling near resistance at $89.5. The oversold RSI and recent bounce from lows support this approach. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 85 USDT
Sell Price: 89.5 USDT
Key metrics
| Price | 87.5000 USDT |
| 24h Change | 1.05% |
| RSI(14) | 39.96 |
| SMA20 / SMA50 | 88.19 / 86.93 |
| Daily Volatility | 4.73% |
| 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.
