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June 18, 2023Currently trading at $78.07, LTC remains range-bound between $76.51 and $78.41.
Litecoin made an initial breakout above its 10 day Simple Moving Average at $77.72, a potential indicator of a newly emerging bullish phase. On the other hand, note that LTC could be slowing down soon; it is getting close to the resistance line and is now at $77.89, only 17 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Overall, looking at the technical analysis landscape, it seems LTC might continue pointing upwards in the short term.
Other markets are also showing gains as FTX Token is up 9.54%. Ripple is up 2.43% to $0.491.
At the same time, TRON is down to $0.07, losing $0.001, after closing at $0.072 in the preceding trading session.
4 months ago Litecoin reached a significant high of $102.04 but has consequently lost 24.65% since then. LTC has a market cap of 5.71 billion with an average daily volume of 533.56 million.
