Litecoin is now trading at $89.57 after tracing out a steady $89.05 – $89.81 range today.
Litecoin's upper Bollinger Band® is at $92.77, suggesting that a downward move may follow. In contrast, Litecoin is approaching key support, around $3.34 away from $86.23. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.
Despite the market lacking direction, technical chart analysis strongly suggests Litecoin is positioned for a downward move in the near term.
At the same time, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0, UNICORN Token USD is up 10.76% today to currently trade at around $0. Ripple closed at $0.413 (down 1.05%).
Litecoin has managed to gain 23.27% so far this year despite trading at lows around $43.3 previously. Litecoin is currently trading with a market cap of 6.46 billion with an average daily volume of 90.71 million.