A mostly flat day so far for Litecoin, ranging between $98.48 and $100.23; currently at $98.82.
Trend-focused traders would be interested to note that investors are seeking long positions as Litecoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. 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 $100.08, suggesting that a downward move may follow. A study of LTC's historical price actions shows LTC reversed direction at $98.35 support zone and climbed 46 cents above it.
Notwithstanding Litecoin's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
At the same time, mixed performances are seen elsewhere as UNICORN Token USD is up 2,712,134%. FTX Token surges 9.54% to trade around $1.36. Polkadot gained 2.18% and is now trading at $6.7.
Litecoin has gained 42.53% since its lowest print of $43.3 earlier this year. LTC is currently trading with a market cap of 7.13 billion with an average daily volume of 90.19 million.