Litecoin cryptocurrency trades up $6.53, approximately 9.37% higher going into tomorrow

Litecoin rallies $6.53 (9.37%) deep into the session, trading at $76.

As the trading day comes to an end, chart analysis indicates Litecoin could be slowing down soon as it approaches resistance at $74.56. Of course, crossing it might suggest further gains are ahead. Trend-focused traders would be interested to note that Litecoin made an initial breakout above its 200 day Simple Moving Average at $70.95, a potential indicator of a newly emerging bullish phase.

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

Other markets are also showing gains as Bitcoin added 6.9% to its value, now trading at $22,031. Solana is up 10.93%. TRON is up 6.72%.

Having set a significant high of $132 11 months ago, LTC is trading 47.37% lower. LTC has a market cap of 5.51 billion with an average daily volume of 548.90 million.