Litecoin is currently oversold with an RSI below 30, suggesting a possible short-term bounce. Recent price action shows a decline from highs near $120, with support forming around $115. Consider buying near support levels for a rebound trade.
Current Market Condition
LTC is trading at $114.88, down 3.54% in 24 hours. The RSI is 25.9, which is oversold (below 30), indicating potential for a price bounce. Both SMA20 ($116.92) and SMA50 ($117.93) are above current price, showing short-term weakness.
Support and Resistance Levels
Key support levels are around $115-116 based on recent local_min values. Resistance is near $120 from recent local_max levels. Price has been rejected multiple times near $120, making it a strong selling zone.
Trading Strategy
Buy near support at $115 for a bounce toward resistance at $120. Use stop-loss below $113.90 (lowest local_min) to manage risk. This is a short-term trade targeting oversold recovery.
Beginner Recommendations
Advice: buy
Buy Price: 115.0 USDT
Sell Price: 120.0 USDT
Key metrics
| Price | 114.8800 USDT |
| 24h Change | -3.54% |
| RSI(14) | 25.90 |
| SMA20 / SMA50 | 116.92 / 117.93 |
| Daily Volatility | 2.39% |
| 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.
