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April 27, 2023
After closing at $88.16 today, LTC began today at $88.16 with significant bullish sentiment driving LTC's price action higher. So far today, price action has drawn out a distinct $88.16 to $90.51 range.
Litecoin made an initial breakout above its 50 day Simple Moving Average at $88.55, a potential indicator of a newly emerging bullish phase. Despite this, Litecoin is $2.62 away from testing key resistance at $91.44. Peaking above this level could inspire market bulls and open the path to further gains.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts LTC to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the LTC is expected to pick up significant bullish sentiment in the coming days.
LTC shows positive signs, other assets are also on par: FTX Token is up 9.54%. Bitcoin ascends 2.11% to trade around $29,026.
Meanwhile, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.
LTC has appreciated 50.83% over the past six months. Litecoin is currently trading with a market cap of 6.47 billion with an average daily volume of 574.14 million.
