Bearish LTC currently $0.773 lower after trading as low as $88.08

LTC is grinding lower from $89 to $88.23, shedding $0.773 (0.88%) today.

Litecoin made an initial break below its 10 day Simple Moving Average at $88.95, a possible indication of a forthcoming negative trend. On the other hand, note that although Litecoin is pointing down today (was as low as $88.08), it's climbing away from the $85.86 support line and is now $2.37 above it.

Looking forward, Litecoin is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, after ending today's session at $120.21, Bitcoin Cash lost $2.29 and is trading around $117.91. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

Approximately 2 months ago, Litecoin reached a significant high of $102.04 but has struggled to hold onto its gains and declined 12.77% since then. LTC has a market cap of 6.43 billion with an average daily volume of 569.98 million.