Litecoin cryptocurrency trades up $0.997, approximately 1.15% higher this afternoon

Litecoin posts light gains on a low-volatility day, ranging between $86.28 – $88.04 and is now at $87.65.

Litecoin price action is currently oscillating around the $87.27 resistance level with prices moving above and below several times during the session. Although up today, early price action saw LTC dropping below its 21 day Simple Moving Average at $86.25 — an early indicator that a new downward trend could be emerging.

LTC is likely to reverse course and start pointing downward in the short term.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. MaticNetwork USD gained 4.21% and is currently trading at $0.928. Ripple is up 2.35%.

3 months ago LTC reached a significant high of $102.04 but has consequently lost 15.08% since then. Litecoin has a market cap of 6.40 billion with an average daily volume of 546.97 million.