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LTC ended the previous session at $89; currently trading at $88

04 May 2023

LTCUSD

LTC drops from $89 to $88, losing $1 (1.13%) today.

Litecoin made an initial break below its 10 day Simple Moving Average at $88.95, a possible indication of a forthcoming negative trend. On the other hand, note that Litecoin could begin to recover as it approaches significant support, now $2.15 away from $85.86. Dipping below could be an indication that further losses are ahead.

In the short term, LTC is expected to maintain its recent downtrend and continue spiralling lower.

In the meantime, negative performances are also seen in other markets, EOS stumbles 3.04% to trade around $1. Bitcoin Cash closed at $117.13 (down 2.56%).

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

Litecoin has fallen back around 12.77% from the significant high of $102.04 set 2 months ago. LTC is currently trading with a market cap of 6.41 billion with an average daily volume of 569.98 million.

Market Summary

Latest Crypto News

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FTX cryptocurrency trades up $0.119, approximately 9.54% higher this afternoon

ETH set for weak finish today; down 1.59% to $1,875 with 4 hours before close

Mixed sentiment leads Avalanche cryptocurrency to trade sideways; establishes tight $16.93 to $17.16 range

XRP is down 0.31%, trading at $0.458

Solana set for weak finish today; down 2.45% to $21.74 with a hour before close

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