Litecoin price analysis (Bullish) — 117.00 USDT (+1.61% 24h)

LTCUSDT is currently trading at $117, showing modest strength with a 1.61% gain over the past 24 hours. The RSI reading of 40.3 indicates the asset is approaching oversold territory, which often presents buying opportunities in healthy uptrends. Price action is hovering near both the 20-day SMA ($117.61) and 50-day SMA ($116.31), suggesting consolidation around key moving average support. The 24-hour volume of over $60 million demonstrates decent liquidity, while volatility remains moderate at 2.33%. Given the technical setup, I’d recommend accumulating positions near current levels with a stop below $115. Target resistance zones at $120-122. The convergence around SMAs typically precedes significant moves – watch for a decisive break above $118.50 for confirmation of upward momentum.