LTC slides down from $100.23 to $99.4 today, losing $0.827 (0.83%).
Litecoin made an initial break below its 3 day Simple Moving Average at $96.3, a possible indication of a forthcoming negative trend. LTC's upper Bollinger Band® is at $100.58 which indicates a further downward move may follow. On the other hand, note that LTC could begin to recover as it approaches significant support, now $2.08 away from $97.31. Dipping below could be an indication that further losses are ahead.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for LTC.
In the meantime, negative performances are also seen in other markets, after ending today's session at $0.235, Algorand USD lost $0.013 and is trading around $0.222. Bitcoin goes down 2.73% to trade around $29,481.
Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
LTC has gained 43.36% since its lowest print of $43.3 earlier this year. LTC is currently trading with a market cap of 7.23 billion with an average daily volume of 528.85 million.