Litecoin cryptocurrency trades up $5.24, approximately 6.83% higher going into tomorrow

Litecoin rallies $5.24 (6.83%) deep into the session, trading at $81.93.

Litecoin made an initial breakout above its 10 day Simple Moving Average at $80.23, a potential indicator of a newly emerging bullish phase. LTC is currently trading around the $80.23 Fibonacci resistance level.

Overall, looking at the technical analysis landscape, it seems Litecoin might continue pointing upwards in the short term.

Other markets are also showing gains as having closed the previous session at $22,179, Bitcoin is up 9.25% today to currently trade at around $24,230. Having closed the previous session at $290.52, Binance Coin is up 6.21% today to currently trade at around $308.55. FTX Token is up 9.54%.

11 months ago Litecoin reached a significant high of $132 but has consequently lost 41.89% since then. Litecoin is currently trading with a market cap of 5.94 billion with an average daily volume of 548.90 million.