Tentatively higher from an earlier low of $74.05, Litecoin is up to $78.09 today, adding $4.04, or 5.45%, to today's closing price of $74.05.
Litecoin made an initial breakout above its 3 day Simple Moving Average at $76.02, a potential indicator of a newly emerging bullish phase. Despite this, Bollinger Band® analysis indicates that current price action is approaching the upper band at $79.96, thereby suggesting that Litecoin is becoming overvalued. Although Litecoin is appreciating today after rising as high as $78.38, price action is now slowing and consolidating around 59 cents below the $78.68 resistance level.
Overall, looking at the technical analysis landscape, it seems LTC likely to continue pointing upward in the short term.
LTC shows positive signs, other assets are also on par: having closed the previous session at $300.6, Binance Coin is up 4.32% today to currently trade at around $313.58. Having closed the previous session at $0.089, Dogecoin is up 3.11% today to currently trade at around $0.092. Polkadot goes up 2.09% to trade around $5.38.
LTC reached a significant high of $223.25 around a year ago but has lost 66.83% since then. LTC has a market cap of 5.60 billion with an average daily volume of 112.45 million.