After three days of going down, LTC is flat today, hovering around $90.5

Without a clear-cut direction, Litecoin is trading around $90.5 and ranging between $90.31 and $91.29.

Litecoin's upper Bollinger Band® is at $96, suggesting that a downward move may follow. On the other hand, note that Litecoin is approaching key support, around $1.03 away from $89.48. 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. Litecoin made an initial breakout above its 3 day Simple Moving Average at $91.65, a potential indicator of a newly emerging bullish phase.

According to technical indicators, Litecoin is positioned for a downward move in the short term.

At the same time, mixed performances are seen elsewhere as FTX Token gained 9.54% and is now trading at $1.36. After ending today's session at $0.513, Ripple lost $0.004 and is trading around $0.509. UNICORN Token USD is up 1.62%.

LTC has appreciated 70.52% over the past six months. LTC is currently trading with a market cap of 6.58 billion with an average daily volume of 590.35 million.