Currently trading at $96.69, Litecoin remains range-bound between $95.95 and $96.69.
Litecoin made an initial breakout above its 10 day Simple Moving Average at $96.72, a potential indicator of a newly emerging bullish phase. LTC's lower Bollinger Band® is at $90.86, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Litecoin could be slowing down soon as it approaches resistance at $98.87. Of course, crossing it might suggest further gains are ahead.
Examining the technical analysis landscape, Litecoin might continue its downtrend in the short term.
Litecoin shows positive signs, other assets are also on par: FTX Token is up 9.54%. Bitcoin Cash is up 3.83%.
At the same time, UNICORN Token USD closed at $6.43 (down 2.98%).
LTC has gained 39.55% since its lowest print of $43.3 earlier this year. Litecoin is currently trading with a market cap of 6.99 billion with an average daily volume of 374.22 million.