Litecoin price analysis (Neutral) — 98.36 USDT (+0.91% 24h)

LTCUSDT is currently trading at $98.36, showing modest gains of 0.91% over the past 24 hours. The price finds itself in a critical technical position, trading slightly below both the 20-day SMA ($98.86) and 50-day SMA ($98.96), indicating potential resistance overhead. The RSI reading of 44.63 suggests the asset is approaching oversold territory but hasn’t reached extreme levels yet. Trading volume of $70.2 million appears healthy, providing adequate liquidity for position entries and exits. The current volatility of approximately 4% indicates moderate price swings, typical for Litecoin in consolidation phases. Traders should watch for a decisive break above the $99 level, which could signal momentum building toward the $100 psychological barrier. Support appears to be forming around $97.50-$98.00. Consider scaling into long positions on dips toward support with tight stops, while waiting for confirmation above the moving averages for more aggressive entries.