Wondering what is the best time to invest in Litecoin? With the key support level broken this morning, Litecoin is showing a bearish sentiment. Let's dive into price analysis and find the best area to start accumulating Litecoin.

Last 24 Hours Analysis of Litecoin

At 03:10 UTC on 24th Feb, Litecoin broke out from a downward trendline, which was further corroborated by a Golden Crossover of MACD at 03:20 UTC. The price broke its previous high, suggesting an uptrend. At 07:30 UTC, the RSI moved into the overbought area, causing the price to drop to the trendline. At 12:25 UTC, the RSI value dropped to the 29 level, which is oversold. At 12:30 UTC, the price again broke out to the upside from a minor downward trendline, which was further corroborated by MACD’s Golden Crossover at 13:00 UTC.