Litecoin cryptocurrency trades up $1.5, approximately 1.68% higher this afternoon

After closing at $89.31 today, Litecoin began today at $89.31 with significant bullish sentiment driving Litecoin's price action higher. So far today, price action has drawn out a distinct $89.27 to $91.67 range.

Litecoin made an initial breakout above its 3 day Simple Moving Average at $92.23, a potential indicator of a newly emerging bullish phase. Litecoin formed a session range of $89.27 to $91.67 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $91.49. LTC's lower Bollinger Band® is at $87.43, indicating that the market is oversold and fertile for new buyers. LTC broke through the $90.23 resistance, climbing 58 cents above it.

Litecoin continues to move higher with technical analysis indicating the trend will continue in the short term.

Litecoin shows positive signs, other assets are also on par: FTX Token surges 9.54% to trade around $1.36. Tezos USD is up 2.56%.

At the same time, UNICORN Token USD slips 2.98% to trade around $6.43.

LTC has managed to gain 24.9% so far this year despite trading at lows around $43.3 previously. LTC is currently trading with a market cap of 6.58 billion with an average daily volume of 541.33 million.