Litecoin price analysis (Neutral) — 100.92 USDT (+1.51% 24h)

Litecoin is showing interesting technical dynamics as it trades at $100.92, posting modest 1.5% gains over the past 24 hours. The current price action finds LTC positioned between its key moving averages – trading above the 20-day SMA at $99.17 but slightly below the 50-day SMA at $100.22, suggesting potential consolidation. However, the extremely overbought RSI reading of 82.9 raises immediate caution flags. While the 24-hour volume of $121 million indicates decent participation, the 7.3% volatility suggests traders should brace for potential swings. Given the overbought conditions, short-term traders might consider taking partial profits here with stop-losses around $98.50. For longer-term holders, any pullback toward the $96-98 support zone could present better entry opportunities. The battle between the moving averages will be crucial – a sustained break above $101.50 could target $105, while failure to hold $98 might trigger a deeper correction toward $94.