Litecoin (LTCUSD) held lower in recent intraday trading, finding support at the 50-day SMA while attempting to build positive momentum for a recovery. The cryptocurrency is still under a short-term ascending trend with movement along a supportive line, though RSI indicators show negative signals after reaching overbought zones.

Therefore, we expect the price to rise in the upcoming sessions, as long as it holds above 112.00, targeting the key resistance at 121.00.

Todays price forecast: Bullish.