#LTC Litecoin (LTC) is currently trading at $87.22 with a 2.16% increase. Here's a detailed technical analysis:
*Key Metrics:*
- *Current Price*: $87.22
- *Market Cap*: $6.58 billion
- *24-hour High*: $86.86
- *24-hour Low*: $81.78
- *Circulating Supply*: 75,806,310 LTC
- *Total Supply*: 84,000,000
*Technical Indicators:*
- *Relative Strength Index (RSI)*: 38.35, indicating neutral momentum
- *Moving Averages*:
- *50-day SMA*: $117.53, signaling a bearish trend
- *200-day SMA*: $93.51, suggesting potential long-term support
*Trading Signal:*
Based on the technical analysis, the overall signal for LTC is *neutral*, considering the short-term bearish trend and mixed signals from indicators. However, long-term forecasts remain optimistic, with projections reaching up to $200 by 2025.
*Support and Resistance Levels:*
- *Support Level*: $90
- *Resistance Level*: $140-$150 range, with a double-top formation indicating strong resistance