Litecoin is now trading at $91.35 after tracing out a steady $90.2 – $91.41 range today.
Litecoin is approaching key support, around $2.63 away from $88.72. 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. Litecoin made an initial breakout above its 10 day Simple Moving Average at $91.22, a potential indicator of a newly emerging bullish phase.
Despite muted price action in Litecoin, chart analysis indicates it is positioned for a bullish run in the short term.
Meanwhile, 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 $28,281, Bitcoin is up 2.33% today to currently trade at around $28,941. Having closed the previous session at $1,864.82, Ethereum is up 2.63% today to currently trade at around $1,914.
LTC has appreciated 63.93% over the past six months. LTC is currently trading with a market cap of 6.65 billion with an average daily volume of 562 million.