Litecoin shows strong momentum with a recent 9.9% price surge, but is now pulling back from recent highs. The RSI indicates potential oversold conditions, suggesting a possible buying opportunity.
Current Market Position
LTC is trading at $99.02 after a significant rally to $103.94. The price is currently above both 20-day ($98.44) and 50-day ($92.12) moving averages, indicating overall bullish momentum.
Technical Indicators
RSI at 37.7 suggests the asset may be oversold, which often precedes a price bounce. The recent high volume during the rally shows strong buying interest.
Support and Resistance Levels
Key support is around $86.65 (recent local min), while resistance sits near $103.94 (recent peak). The current pullback from highs creates a potential entry point.
Trading Strategy
Consider buying near support levels around $87 for potential upside toward $104. Use stop-loss orders below support to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 87 USDT
Sell Price: 104 USDT
Key metrics
| Price | 99.0200 USDT |
| 24h Change | 9.88% |
| RSI(14) | 37.71 |
| SMA20 / SMA50 | 98.44 / 92.12 |
| Daily Volatility | 6.66% |
| 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.
