Litecoin price analysis (Bullish) — 120.14 USDT (+4.42% 24h)

LTCUSDT is currently trading at $120.14, showing a strong 24-hour gain of 4.42%, which indicates robust buying momentum. The RSI reading of 70.8 suggests the asset is approaching overbought territory, but hasn’t crossed the critical 75 threshold yet. Price remains above both the 20-day SMA ($118.46) and 50-day SMA ($116.77), confirming the bullish trend structure. The 24-hour volume of $54.35 million demonstrates healthy participation in this move. Given the elevated RSI, I’d advise waiting for a slight pullback toward the $118 support level before entering long positions. Traders should set tight stop-losses below $116.50 as a break below the 50-day SMA could trigger profit-taking. Target resistance levels at $122 and $125 appear achievable if momentum sustains.