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June 19, 2023Slightly weaker but mostly flat: Litecoin is currently trading at $76.66 as it maintains an active range between $76.43 and $77.53.
Despite being in the red so far in the current trading session, Litecoin peaked above its 10 day Simple Moving Average around $77.72 — typically an early indicator of a new bullish trend beginning to emerge. Litecoin could begin to recover as it approaches significant support, now 29 cents away from $76.95. Dipping below could be an indication that further losses are ahead.
Despite suffering losses in today's session, technical analysis is indicating that LTC will undergo a significant bounce in the immediate term.
In the meantime, negative performances are also seen in other markets, Binance Coin is down to $240.37, losing $3.92, after closing at $244.29 in the preceding trading session. Bitcoin Cash is down to $105.51, losing $1.6, after closing at $107.12 in the preceding trading session.
Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
Litecoin has fallen back around 24.3% from the significant high of $102.04 set 4 months ago. Litecoin has a market cap of 5.61 billion with an average daily volume of 522.75 million.
