Litecoin drops from $92.54 to $91, losing $1.54 (1.68%) today.
Litecoin made an initial break below its 10 day Simple Moving Average at $91.57, a possible indication of a forthcoming negative trend. LTC is currently flirting with an active Fibonacci support level around $90.69. On the other hand, note that Litecoin bounced after reaching the $91.34 support zone, climbing 36 cents above it.
Overall, looking at the technical analysis landscape, it seems Litecoin is likely to start pointing downward in the short term.
In the meantime, negative performances are also seen in other markets, Dogecoin slumps 3.37% to trade around $0.089.
Positive performances can be seen by looking at other markets as FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $1.19, EOS is up 3.13% today to currently trade at around $1.23.
LTC has managed to gain 30.9% so far this year despite trading at lows around $43.3 previously. LTC is currently trading with a market cap of 6.61 billion with an average daily volume of 606.83 million.