Litecoin price analysis (Bullish) — 118.09 USDT (-2.06% 24h)

LTCUSDT is showing signs of potential exhaustion in its recent downtrend, currently trading at $118.09 with a 24-hour decline of 2.06%. The RSI reading of 33.6 indicates LTC is approaching oversold territory, which historically presents buying opportunities for swing traders. While price remains below both the 20-day SMA ($119.11) and 50-day SMA ($119.62), the narrowing gap between these moving averages suggests selling pressure may be easing. Daily volume of $48 million remains healthy, indicating continued market interest. Traders should watch for a decisive break above the $120 resistance level, which could signal a reversal toward $125. Consider accumulating positions near current levels with tight stop-losses around $115, while more conservative traders might wait for confirmation above the 20-day SMA before entering long positions. The elevated volatility of 3.5% suggests position sizing should be managed carefully.