Litecoin cryptocurrency trades up $0.7, approximately 0.77% higher this afternoon

Currently trading at $91.67, LTC remains range-bound between $90.73 and $91.72.

Litecoin is 21 cents away from testing key resistance at $91.88. Peaking above this level could inspire market bulls and open the path to further gains. Despite posting gains so far today, Litecoin slid below its 3 day Simple Moving Average at $91.19 in earlier trade — an early indicator that a negative trend could be emerging. Litecoin's upper Bollinger Band® is at $96.53, this is a slight indication of a slowdown.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Litecoin is set for a reversal in the coming days.

Litecoin shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ripple is up 1.47%.

At the same time, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Litecoin hit a significant low of $43.3 around 11 months ago, but has since recovered 110.09%. LTC is currently trading with a market cap of 6.69 billion with an average daily volume of 531.54 million.