Litecoin price analysis (Bearish) — 77.40 USDT (-7.72% 24h)

Litecoin is experiencing a severe technical breakdown, with price currently trading at $77.40, representing a sharp 7.7% decline over the past 24 hours. The most alarming metric is the RSI reading of approximately 10.87, which indicates the asset is deeply oversold to an extreme degree not commonly seen. Price has decisively broken below both the 20-day SMA ($81.52) and 50-day SMA ($83.07), confirming a bearish trend structure. While the elevated 24-hour volume of over $40 million suggests significant capitulation, it may also hint at potential exhaustion of selling pressure. For traders, this presents a high-risk, high-reward scenario. Aggressive contrarians might consider scaling into a long position here, given the historic oversold condition, but must use tight stops below recent lows. More conservative traders should wait for a confirmed bullish reversal pattern or a reclaim of the $81.50 SMA level before considering any long exposure. The current volatility suggests sharp moves in either direction are possible.