After four days of going down, LTC is stable today, trading around $83.15

A mostly flat day so far for LTC, ranging between $82.52 and $83.42; currently at $83.15.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Having stamped out a session range of $82.52 to $83.42, Fibonacci-inclined LTC traders were highly concentrated around active Fibonacci support at $82.6. Asset volatility analysis shows that LTC's upper Bollinger Band® is at $101.08 and the lower is $83.05. Support/Resistance levels obtained from chart analysis indicate that LTC is approaching key support, around $1.07 away from $82.09. 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.

Overall, the technical outlook suggests Litecoin is likely to remain muted for the immediate future, with no clear-cut direction.

While Litecoin is pretty flat so far today, mixed performances are seen elsewhere as FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $1.12, EOS is up 3.98% today to currently trade at around $1.17. UNICORN Token USD closed at $6.43 (down 2.98%).

This year has been a bright one for LTC after trading as low as $43.3 and going on to appreciate by 17.54% year to date. LTC has a market cap of 6 billion with an average daily volume of 505 million.