Litecoin price analysis (Bullish) — 118.15 USDT (+11.86% 24h)

LTCUSDT is showing impressive momentum with an 11.86% surge over the past 24 hours, pushing the price to $118.15 against significant trading volume exceeding $109 million. The technical picture reveals both opportunity and caution – while the price remains comfortably above both the 20-day SMA ($114.61) and 50-day SMA ($109.67), the RSI reading of 75.37 indicates overbought conditions that could trigger a short-term pullback. The elevated volatility at 3.2% suggests traders should brace for potential price swings. For current positions, consider taking partial profits given the stretched RSI, while new entries might benefit from waiting for a healthy retracement toward the $115 support level. Longer-term, the sustained volume and moving average alignment suggest underlying strength, but risk management remains crucial in these conditions.