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Mixed sentiment leads Litecoin cryptocurrency to trade sideways; establishes tight $89 to $90.17 range

28 April 2023

LTCUSD

A mostly flat day so far for Litecoin, ranging between $89 and $90.17; currently at $89.48.

Litecoin made an initial break below its 10 day Simple Moving Average at $89.36, a possible indication of a forthcoming negative trend. In contrast, Litecoin is approaching key support, around $1.02 away from $88.45. 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.

Meanwhile, mixed performances are seen elsewhere as FTX Token is up 9.54%. Binance Coin slides down 2.59% to trade around $322.17. UNICORN Token USD closed at $6.43 (down 2.98%).

The past 6 months have been positive for Litecoin as it appreciated 64.43%, having traded as low as $43.3. LTC is currently trading with a market cap of 6.51 billion with an average daily volume of 585 million.

Market Summary

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Mixed sentiment leads Cardano cryptocurrency to trade sideways; establishes tight $0.379 to $0.383 range

After five days of going down, Solana is flat today, hovering around $20.62

US markets end yesterday lower alongside bearish sentiment in European indices

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

XRP is down 0.31%, trading at $0.458

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