Litecoin price analysis (Bullish) — 84.72 USDT (-2.14% 24h)

Litecoin is showing clear signs of being oversold with its RSI plunging to 22 – levels not seen since major capitulation events. While the 24-hour price decline of 2.14% appears concerning, the current price of $84.72 sits below both the 20-day ($86.28) and 50-day ($86.03) SMAs, suggesting potential undervaluation. Trading volume remains healthy at $25.6 million, indicating sustained interest despite the downturn. The elevated volatility reading of 3.63% presents both risk and opportunity for swing traders. For position traders, this represents a compelling accumulation zone with tight stop losses below $82. Day traders should watch for RSI reversal patterns and volume spikes as potential entry signals. The convergence of technical indicators points to a likely relief rally, though sustained momentum will require breaking back above the $86 resistance cluster.