After ending today at $57.41, today Litecoin went up to $59.37 before paring back gains and settling around $56.66.
Despite being in the red so far in the current trading session, Litecoin peaked above its 21 day Simple Moving Average around $57.33 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems LTC —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, after ending today's session at $24, Solana lost $6.13 and is trading around $17.87. FTX Token is trading around $4.54 (down $0.892). After ending today's session at $0.405, Ripple lost $0.032 and is trading around $0.373.
11 months ago Litecoin reached a significant high of $277.93 but has consequently lost 79.34% since then. LTC has a market cap of 4 billion with an average daily volume of 58.20 million.