Litecoin Holds $52 Support as RSI Hits Record Low in 3-Month Chart

⬤ Litecoin (LTC) is hovering around a major horizontal support level on the three-month timeframe. The chart shows a higher low compared to both the 2018 bear market bottom and the 2020 crash, with price currently near $52.86.

⬤ The long-term structure highlights repeated reactions around the same support zone across multiple cycles. A rising trendline connects previous lows, and the current price sits close to that area rather than breaking beneath it. Similar structural behavior was recently described in LTC Tests $53 Support Zone After Multi-Year Range Floor Revisit, where Litecoin traded near historically defended support levels.

⬤ Momentum conditions remain notable as the RSI on the three-month timeframe has reached its lowest recorded level on the chart. Despite the weak momentum reading, the price remains above prior bear market lows, maintaining a higher base relative to earlier cycles. Comparable positioning appeared in LTC Tests $45 Support at 0.786 Fibonacci Level, where Litecoin hovered inside a broader long-term support region.

⬤ The current placement of LTC near multi-year support keeps focus on whether the structure holds. A sustained hold above $52 could signal accumulation phase strength, while a breakdown would mark the first time Litecoin fails to maintain higher lows across cycles. The combination of record-low RSI and historical support creates a critical juncture for traders watching macro timeframe momentum.

LTC-0.48%
此页面可能包含第三方内容,仅供参考(非陈述/保证),不应被视为 Gate 认可其观点表述,也不得被视为财务或专业建议。详见声明
  • 赞赏
  • 评论
  • 转发
  • 分享
评论
0/400
暂无评论
交易,随时随地
qrCode
扫码下载 Gate App
社群列表
简体中文
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)