Litecoin is currently trading at $114.35, showing slight weakness with a 1.93% decline. The RSI indicates overbought conditions at 71.86, suggesting potential for a pullback. Recent price action shows support around $112.19 and resistance near $116.64.
Current Market Position
LTC is trading just above its 20-day SMA ($113.35) but below the 50-day SMA ($114.64), indicating mixed short-term momentum. The negative 24-hour change suggests recent selling pressure.
Technical Indicators
RSI at 71.86 is in overbought territory, which often precedes price corrections. Volume has been moderate, indicating neither strong buying nor selling dominance currently.
Support and Resistance Levels
Key support levels are at $112.19 (recent local low) and $112.83. Resistance levels are at $116.64 and $115.88 from recent peaks. These levels help identify potential entry and exit points.
Trading Strategy
Given the overbought RSI and recent decline, waiting for a pullback to support levels provides better risk-reward opportunities. Consider buying near support and selling near resistance for short-term trades.
Beginner Recommendations
Advice: hold
Buy Price: 112.2 USDT
Sell Price: 116.6 USDT
Key metrics
| Price | 114.3500 USDT |
| 24h Change | -1.93% |
| RSI(14) | 71.86 |
| SMA20 / SMA50 | 113.35 / 114.64 |
| Daily Volatility | 2.50% |
| 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.
