Without a clear-cut direction, LTC is trading around $80.48 and ranging between $80.22 and $81.37.
Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as Litecoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. LTC is currently flirting with an active Fibonacci support level around $80.19. Japanese candlestick formations show 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. Analysis based on the asset volatility indicates that LTC's upper Bollinger Band® is at $83.15, suggesting that a downward move may follow. Litecoin chart analysis: Litecoin is oscillating around the $80 level serving as support.
Notwithstanding Litecoin's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
While Litecoin is pretty flat so far today, mixed performances are seen elsewhere as after ending today's session at $1.24, FTX Token lost $0.056 and is trading around $1.19. Ripple rises 3.54% to trade around $0.363. After ending today's session at $0.322, Cardano lost $0.008 and is trading around $0.314.
Litecoin has gained 14.88% since its lowest print of $43.3 earlier this year. Litecoin has a market cap of 5.80 billion with an average daily volume of 62.52 million.