Tentatively higher from an earlier low of $73.68, Litecoin is up to $76.74 today, adding $2.83, or 3.83%, to today's closing price of $73.91.
Litecoin reversed direction at $74.84 resistance zone and retreated back $1.9 below it. LTC made an initial breakout above its 5 day Simple Moving Average at $76.57, a potential indicator of a newly emerging bullish phase.
Overall, looking at the technical analysis landscape, it seems LTC might continue pointing upwards in the short term.
Litecoin shows positive signs, other assets are also on par: having closed the previous session at $0.095, Dogecoin is up 8.43% today to currently trade at around $0.103. Binance Coin improves 3.94% to trade around $304.81. Having closed the previous session at $1,169, Ethereum is up 3.85% today to currently trade at around $1,214.2.
Approximately 11 months ago, LTC reached a significant high of $216.74 but has struggled to hold onto its gains and declined 65.9% since then. LTC is currently trading with a market cap of 5.50 billion with an average daily volume of 117.10 million.