After four days of going up, Litecoin is down $2.66 today

Litecoin drops $2.66 early on and steadies around the $91.76 level.

Litecoin fell below the $93.04 support zone and moved $1.28 beyond it; the next level of support with significant buyer interest is estimated at $91.52. Litecoin made an initial break below its 21 day Simple Moving Average at $91.4, a possible indication of a forthcoming negative trend. LTC's upper Bollinger Band® is at $95.08 which indicates a further downward move may follow.

Overall, looking at the technical analysis landscape, it seems Litecoin is likely to continue pointing down in the short term.

In the meantime, negative performances are also seen in other markets, Dogecoin is trading around $0.082 (down $0.002). TRON closed at $0.065 (down 2.73%).

Other assets are showing positive performances as FTX Token is up 9.54%.

Litecoin has managed to gain 33.46% so far this year despite trading at lows around $43.3 previously. Litecoin has a market cap of 6.67 billion with an average daily volume of 575.41 million.