Litecoin price analysis (Neutral) — 83.60 USDT (-2.43% 24h)

Litecoin is showing consolidation patterns after a modest 2.4% pullback over the past 24 hours, currently trading at $83.60. The price is hovering just below the 20-day SMA ($83.71) and remains under the 50-day SMA ($84.79), indicating near-term resistance overhead. The RSI reading of 48 suggests neutral momentum, neither overbought nor oversold, while volatility remains moderate at 3.4%. Trading volume of $36.5 million shows decent participation but lacks breakout conviction. For traders, the current setup suggests range-bound action between $81-$86. A sustained break above the 50-day SMA could target $88 resistance, while failure to hold $82 support might see a test of the $80 psychological level. Consider waiting for a clearer directional signal with volume confirmation before establishing larger positions. Scalpers might find opportunities in the current $2-3 range, but position sizing should remain conservative until a clearer trend emerges.