Litecoin is trading near $119 with mixed signals. RSI shows it’s not overbought, but price is below key moving averages. Recent volatility suggests caution.
Current Market Position
Price at $119.17 is slightly below the 20-day average ($120.12), indicating short-term weakness. The 24-hour change is positive at +1.83%.
RSI Indicator
RSI at 42 suggests Litecoin is neither overbought nor oversold. This means there’s room for movement in either direction.
Support and Resistance Levels
Recent low around $116.44 acts as support. Recent high near $123.37 acts as resistance. These are key levels to watch.
Trading Strategy
Consider buying near support at $117 and selling near resistance at $123. Always use stop-loss orders to manage risk.
Risk Management
Cryptocurrency trading carries high risk. Never invest more than you can afford to lose. Consider dollar-cost averaging for long-term holdings.
Beginner Recommendations
Advice: hold
Buy Price: 117 USDT
Sell Price: 123 USDT
Key metrics
| Price | 119.1700 USDT |
| 24h Change | 1.83% |
| RSI(14) | 42.07 |
| SMA20 / SMA50 | 120.12 / 119.20 |
| Daily Volatility | 3.24% |
| 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.
