Litecoin is currently in a downtrend with oversold conditions, suggesting potential for a short-term bounce. Current price is below key moving averages, indicating bearish momentum.
Current Market Situation
LTC is trading at $95.06, down 3.87% in 24 hours. The price has dropped significantly from recent highs around $133 and is now testing lower support levels.
Technical Indicators
RSI at 46 shows neither overbought nor oversold conditions. Price is below both 20-day ($94.76) and 50-day ($106.75) moving averages, confirming the downtrend.
Support and Resistance Levels
Key support is around $91.66 (recent low) and resistance near $97.48 (recent high). The price has been bouncing between these levels recently.
Trading Strategy
Consider buying near support at $92 and selling near resistance at $97. Wait for confirmation of price direction before entering trades.
Risk Management
Always use stop-loss orders to limit losses. Don’t invest more than you can afford to lose, as crypto markets are highly volatile.
Beginner Recommendations
Advice: hold
Buy Price: 92 USDT
Sell Price: 97 USDT
Key metrics
| Price | 95.0600 USDT |
| 24h Change | -3.87% |
| RSI(14) | 46.45 |
| SMA20 / SMA50 | 94.76 / 106.75 |
| Daily Volatility | 9.40% |
| 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.
