Litecoin price analysis (Neutral) — 83.75 USDT (+0.94% 24h)

LTCUSDT is showing consolidation around the $83.75 level with modest 24-hour gains of 0.94%. The price is currently trading just above both the 20-day SMA ($83.68) and 50-day SMA ($83.04), indicating potential support building at these levels. The RSI reading of 55.93 suggests neutral momentum with slight bullish bias, while the 4.4% volatility indicates relatively stable price action compared to typical crypto standards. Trading volume of $31 million appears healthy but not explosive. For traders, consider accumulating on dips toward the $83 support zone with stops below $81.50. Resistance appears around $85-86 where previous swing highs may create selling pressure. The convergence of moving averages suggests a potential breakout is brewing – watch for volume expansion to confirm direction. Position sizing should remain moderate given the current consolidation phase.