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Trading Signals

Mixed sentiment leads LTC cryptocurrency to trade sideways; establishes tight $90.2 to $91.41 range

26 April 2023

LTCUSD

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.

Market Summary

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Polkadot cryptocurrency trades up $0.036, approximately 0.64% higher this afternoon

Ether cryptocurrency trades up $15.34, approximately 0.8% higher going into tomorrow

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