Litecoin's Overbought Signal May Trigger a Pullback

LTC is currently flashing textbook exhaustion signals at $60.75, indicating that it may be due for a pullback before its next leg up.

The RSI is deep in overbought territory at 70.58, momentum has flatlined, and the price is kissing its Bollinger upper band, which means there's almost no room left between current price and the band ceiling before it snaps back toward the $54.77 midline.

A flush to $58.11 is considered a likely scenario, given the ATR of $2.52, which gives you the expected daily swing range. The pivot point sits at $60.99, and failure to reclaim and hold that level with conviction on the next session open is a direct signal that short-term bulls have lost control of price discovery.