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February 22, 2023
Tentatively higher from an earlier low of $93.24, Litecoin is up to $94.58 today, adding $0.777, or 0.83%, to today's closing price of $93.8.
Litecoin's lower Bollinger Band® is at $90.42, indicating that the market is oversold and fertile for new buyers. In contrast, LTC is 86 cents away from testing key resistance at $95.44. Peaking above this level could inspire market bulls and open the path to further gains.
Examining the technical analysis landscape, LTC might continue its downtrend in the short term.
Other markets are also showing gains 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 $1.22, Tezos USD is up 6.75% today to currently trade at around $1.3.
At the same time, Solana descends 5.52% to trade around $23.58.
LTC has gained 33.96% since its lowest print of $43.3 earlier this year. Litecoin has a market cap of 6.84 billion with an average daily volume of 402.88 million.
