Litecoin price analysis (Neutral) — 77.96 USDT (+0.72% 24h)

Litecoin is showing significant strength in today’s session, trading at $77.96 with a 0.72% gain against a backdrop of substantial volume exceeding $35 million. The technical picture reveals a critical divergence: while price action remains above the 20-day SMA ($76.996), it continues to trade below the more significant 50-day SMA ($79.715), suggesting underlying resistance remains. The most concerning signal is the RSI reading of 83.05, which indicates LTC is deeply in overbought territory. This extreme reading, combined with moderate volatility of 3.47%, suggests a potential near-term pullback is likely as momentum exhausts itself. Traders should exercise caution at these levels. Consider taking partial profits on existing long positions and wait for either a healthy retracement toward the $76 support level or a decisive break above the $79.72 resistance before adding new exposure. The high volume confirms institutional interest, but the overbought RSI warns of limited immediate upside.