Litecoin is showing strong momentum with an 8% daily gain and trading above key moving averages. However, RSI indicates it may be overbought in the short term. Recent price action shows support near $95 and resistance around $102.
Current Market Position
LTC is trading at $104.32, up 8% in 24 hours. It’s above both the 20-day ($99.35) and 50-day ($98.39) moving averages, suggesting bullish momentum.
RSI Indicator Warning
The RSI is at 68.5, which is close to overbought territory (70+). This means the price might be due for a small pullback before continuing upward.
Support and Resistance Levels
Recent lows around $95-96 have acted as strong support. The price has struggled to break above $102, making that a key resistance level.
Trading Strategy
Wait for a pullback to buy near support levels. Consider taking profits if the price approaches resistance, as it may struggle to break higher immediately.
Beginner Recommendations
Advice: hold
Buy Price: 96.0 USDT
Sell Price: 102.0 USDT
Key metrics
| Price | 104.3200 USDT |
| 24h Change | 8.03% |
| RSI(14) | 68.50 |
| SMA20 / SMA50 | 99.35 / 98.39 |
| Daily Volatility | 6.20% |
| 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.
