After three days of going down, LTC is flat today, hovering around $80.43

LTC is now trading at $80.43 after tracing out a steady $80.19 – $80.98 range today.

Trend and momentum analysis indicates that Litecoin made an initial break below its 5 day Simple Moving Average at $80.3, a possible indication of a forthcoming negative trend. According to asset volatility analysis, LTC's upper Bollinger Band® is at $94 and the lower is $76.56. Technical analysis of Litecoin's past price action reveals multiple support and resistance levels: Litecoin is approaching key support, around $2.44 away from $78. 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.

Notwithstanding Litecoin's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Other markets show mixed performance as FTX Token is up 9.54%. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Cardano retreats 1.89% to trade around $0.364.

LTC has fallen back around 21.13% from the significant high of $102.04 set 2 months ago. Litecoin is currently trading with a market cap of 5.86 billion with an average daily volume of 491.54 million.