Slightly weaker but mostly flat: LTC is currently trading at $90.11 as it maintains an active range between $90.11 and $91.29.
Litecoin's upper Bollinger Band® is at $95.97 which indicates a further downward move may follow. In contrast, Litecoin could begin to recover as it approaches significant support, now 63 cents away from $89.48. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, LTC peaked above its 3 day Simple Moving Average around $91.65 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for LTC.
In the meantime, negative performances are also seen in other markets, Ripple is down to $0.507, losing $0.006, after closing at $0.513 in the preceding trading session. NEAR Protocol is down to $2, losing $0, after closing at $2 in the preceding trading session.
Other assets are showing positive performances as FTX Token leaps up 9.54% to trade around $1.36.
The past 6 months have been positive for LTC as it appreciated 70.52%, having traded as low as $43.3. Litecoin has a market cap of 6.55 billion with an average daily volume of 590.35 million.