After three consecutive days of gains, LTC is down $0.963 today

LTC slides down from $96.38 to $95.42 today, losing $0.963 (1%).

Litecoin made an initial break below its 3 day Simple Moving Average at $93.57, a possible indication of a forthcoming negative trend. Litecoin's upper Bollinger Band® is at $96.77 which indicates a further downward move may follow. On the other hand, note that LTC could begin to recover as it approaches significant support, now $1.32 away from $94.1. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Litecoin.

In the meantime, negative performances are also seen in other markets, Solana is down $0.577 from the beginning of the session and now trades around $24.11. EOS is down to $1.24, losing $0.015, after closing at $1.25 in the preceding trading session.

Other assets are showing positive performances as FTX Token added 9.54% to its value, now trading at $1.36.

Litecoin has appreciated 88.18% over the past six months. Litecoin has a market cap of 6.94 billion with an average daily volume of 521.58 million.