End of rally? After three days of gains, LTC is down $3.61 today

Struggling to find upward momentum, Litecoin has shed $3.61 to currently trade at $105.1 as it ranges between $104.95 and $111.45 so far today.

Technical analysis of Litecoin's past price action reveals multiple support and resistance levels: the nearest support level is at $89.96, to be followed by $74.25. Trend and momentum analysis indicates that investors are seeking long positions as Litecoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, according to technical analysis of Litecoin's Relative Strength Index (RSI), the market is currently overbought. Asset volatility analysis shows that LTC's upper Bollinger Band® is at $105.23 which indicates a further downward move may follow.

Overall, while Litecoin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

In the meantime, negative performances are also seen in other markets, Bitcoin Cash drops 6% to trade around $288.31.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Binance Coin ascends 2.82% to trade around $247.21.

Litecoin has gained 2.88% over the last a day. LTC has a market cap of 7.70 billion with an average daily volume of 641.79 million.