Litecoin price analysis (Neutral) — 106.91 USDT (+0.56% 24h)

LTCUSDT is showing modest bullish momentum, trading at $106.91 with a slight 0.56% gain over 24 hours. The current price sits just above both the 20-day SMA ($106.54) and 50-day SMA ($106.07), indicating underlying support. The RSI at 60.53 suggests moderate buying pressure without entering overbought territory. Volume of $47.5 million appears healthy but not explosive. Given the tight clustering around key moving averages and low volatility of 2.65%, LTC appears to be consolidating before its next significant move. Traders should watch for a decisive break above $108 with volume confirmation for long entries, with stops below $104. The current setup favors range-bound trading until volatility expands. Consider scaling into positions gradually rather than aggressive entries.