LTC is currently oversold with a low RSI, suggesting potential for a bounce. Recent price action shows support near $104 and resistance around $107.
Current Market Overview
LTC is trading at $104.08, down 2.85% in 24 hours. The RSI is 27.8, which is below 30, indicating oversold conditions. This often means the price might be due for a short-term recovery.
Key Support and Resistance Levels
Recent local lows show support near $104.77-$105.02. Recent highs show resistance near $107.00-$107.54. These levels help identify where to buy (near support) and sell (near resistance).
Simple Moving Averages (SMA)
The 20-day SMA is $105.82 and the 50-day SMA is $106.23. The current price is below both, suggesting short-term weakness but potential for mean reversion if buying pressure returns.
Trading Strategy
Consider buying near $104.80 (support) and selling near $107.20 (resistance). Always use stop-loss orders to manage risk, especially in volatile markets.
Beginner Recommendations
Advice: hold
Buy Price: 104.8 USDT
Sell Price: 107.2 USDT
Key metrics
| Price | 104.0800 USDT |
| 24h Change | -2.85% |
| RSI(14) | 27.82 |
| SMA20 / SMA50 | 105.82 / 106.23 |
| Daily Volatility | 2.55% |
| 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.
