Tentatively higher from an earlier low of $96.12, Litecoin is up to $99.43 today, adding $3.3, or 3.44%, to today's closing price of $96.12.
With regards to technical trend indicators, chart analysis show that Litecoin made an initial breakout above its 5 day Simple Moving Average at $98.84, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that Litecoin's upper Bollinger Band® is at $102.5, this is a slight indication of a slowdown. Technical analysis shows that LTC broke through the $97.65 resistance and climbed above it $1.77; next resistance level is at $99.38.
With market volatility ebbing, the current technical outlook indicates Litecoin will remain range-bound for the immediate future.
Other markets are also showing gains as FTX Token is up 9.54%. Algorand USD is up 7.66% to $0.275. TRON gained 1.95% and is currently trading at $0.065.
LTC has gained 35.23% since its lowest print of $43.3 earlier this year. LTC has a market cap of 7.18 billion with an average daily volume of 81.66 million.