Litecoin's Momentum Stalls as It Hits Overbought Territory
LTC has surged significantly in recent days, trading at $70.71, but its momentum is now flatlining and it's entered overbought territory.
The Relative Strength Index (RSI) is at 76.59, a textbook sign of neutralized bullish momentum, while the MACD histogram has flatlined at zero.
This suggests that buyers and sellers are fighting to a standstill, making a brief flush before resumption more probable.