LTC is trading near $118 with neutral momentum. Recent price action shows consolidation between $115.46 and $119.23. RSI at 53 suggests balanced buying/selling pressure.
Current Market Position
Price is $118.29, slightly above both 20-day ($118) and 50-day ($117.48) averages. This indicates the market is in a balanced state with no strong trend direction.
Support and Resistance Levels
Key support (buy zone) is around $115.50 based on recent lows. Resistance (sell zone) is near $119 based on recent highs where price has struggled to break through.
Trading Strategy
Consider buying near support at $115.50 and selling near resistance at $119. The RSI at 53 shows neither overbought nor oversold conditions, suggesting range-bound trading.
Risk Management
Always use stop-loss orders. For this trade, set stop-loss below $115 in case support breaks. Only risk what you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 115.5 USDT
Sell Price: 119 USDT
Key metrics
| Price | 118.2900 USDT |
| 24h Change | 1.99% |
| RSI(14) | 53.58 |
| SMA20 / SMA50 | 118.00 / 117.48 |
| Daily Volatility | 2.78% |
| 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.
