Litecoin price analysis (Neutral) — 117.08 USDT (-1.52% 24h)

LTCUSDT is currently trading at $117.08, showing a slight decline of 1.52% over the past 24 hours. The RSI reading of 39.77 indicates the asset is approaching oversold territory, which often presents potential buying opportunities for swing traders. Price is trading slightly below both the 20-day SMA ($118.87) and 50-day SMA ($117.96), suggesting near-term bearish pressure but with strong support levels nearby. The 24-hour volume of $103M demonstrates healthy liquidity, while volatility remains moderate at 2.38%. Given the technical setup, I recommend accumulating positions near current levels with a stop below $115. Target resistance levels at $120-122 for partial profit-taking. Monitor Bitcoin’s momentum as it often leads Litecoin’s price action.