LTC is currently in a downtrend but showing signs of stabilization. Price is below key moving averages, suggesting weakness, but RSI indicates it’s not oversold yet. Recent price action shows clear support and resistance levels.
Current Market Position
LTC is trading at $96.8, down 5.26% in 24 hours. The price is below both the 20-day ($97.44) and 50-day ($100.69) moving averages, indicating bearish momentum.
Technical Indicators
RSI at 46.66 suggests the asset is neither overbought nor oversold. Volume has been declining recently, showing decreased trading interest.
Support and Resistance
Key support levels are around $95.35-$95.62 based on recent local lows. Resistance appears near $97.38-$102.50 from recent local highs.
Trading Strategy
Consider buying near support levels for potential bounce plays. Look to sell when price approaches resistance areas. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 95.5 USDT
Sell Price: 97.5 USDT
Key metrics
| Price | 96.8000 USDT |
| 24h Change | -5.26% |
| RSI(14) | 46.66 |
| SMA20 / SMA50 | 97.44 / 100.69 |
| Daily Volatility | 5.24% |
| Sentiment | Bearish |
| 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.
