📊 Market overview
• Current price: $103.94
• 24h volatility: +1.46%
• Highest price of the day: $105.49
• Lowest price of the day: $100.91
• Market capitalization: Data not available
• 24h trading volume: Data not available
• All-time high (ATH): $412.96 (May 2021)
LTC is witnessing strong growth, with a price increase of more than 1% in the past 24 hours. This momentum is driven by increasing interest from investors and positive news from the market.
📈 Technical analysis
• Nearby resistance: $105.50, $110.00, $120.00
• Strong support: $100.00, $95.00, $90.00
• RSI indicator (4H): Near 70 – overbought region
• MACD: Heading towards a bullish crossover
• 50-day SMA: Expected to reach $98.00 by May 15, 2025
• 200-day SMA: Expected to reach $90.00 by May 15, 2025
The 4-hour chart shows LTC is in a strong uptrend, with technical indicators supporting this increase. However, a high RSI indicates caution may be needed regarding the potential for short-term corrections.
📌 Highlighted news
• SEC delays decision on Litecoin ETF: On May 5, 2025, the U.S. Securities and Exchange Commission (SEC) delayed its decision on the proposed Litecoin ETF from Canary Capital, requesting additional public comments on the proposal's regulatory compliance.
• Large inflows into Binance: Recently, 300,000 LTC (equivalent to about $24 million) have been transferred to the Binance exchange, which may indicate a significant sell-off, putting short-term downward pressure.
📊 Trading strategy
Scenario 1 – Open Long position
• Reason for entry: Price surpasses the resistance level of $100 with strong trading volume, confirming the upward trend.
• Entry zone: $100 – $103
• Stop-loss (SL): $95 (Below the nearest support)
• Take-profit 1 (TP1): $110
• Take-profit 2 (TP2): $120
• Probability of success: 70% (Based on technical signals and strong inflows)
Scenario 2 – Open Short position
• Reason for entry: Price fails to maintain above $105 and shows signs of a bearish reversal.
• Entry zone: $105 – $107
• Stop-loss (SL): $110 (Above the nearest resistance)
• Take-profit 1 (TP1): $100
• Take-profit 2 (TP2): $95
• Probability of success: 60% (Based on the ability to adjust after a strong increase)
Note: The market is in a euphoric state; strict risk management is needed, and technical signals should be closely monitored.
📅 LTC price forecast in the near future
According to forecasts, LTC price could reach $110 in the coming days if the current uptrend is maintained. However, caution is needed regarding market factors that may affect this trend.
🔗 Trade LTC