Is it the end of LTC's rally? After four days of gains, it is down by 0.6% today

Struggling to find upward momentum, LTC has shed $0.58 to currently trade at $95.4 as it ranges between $94.88 and $96.44 so far today.

Litecoin made an initial break below its 3 day Simple Moving Average at $94.84, a possible indication of a forthcoming negative trend. LTC is currently flirting with an active Fibonacci support level around $95.56. Litecoin's upper Bollinger Band® is at $97.76 which indicates a further downward move may follow. Despite this, LTC could begin to recover as it approaches significant support, now 55 cents away from $94.85. 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 LTC.

Other assets are showing positive performances as FTX Token gained 9.54% and is now trading at $1.36. Having closed the previous session at $0.519, Ripple is up 4.14% today to currently trade at around $0.541. Having closed the previous session at $21.21, Solana is up 3.93% today to currently trade at around $22.04.

Litecoin has gained 36.34% since its lowest print of $43.3 earlier this year. Litecoin is currently trading with a market cap of 6.97 billion with an average daily volume of 556.30 million.