| 
July 03, 2023
Litecoin falls to $110.03, following mixed behavior today as it ranges between $110.03 and $114.39.
Chart analysis indicates Litecoin could begin to recover as it approaches significant support, now $3 away from $107.04. Dipping below could be an indication that further losses are ahead. Concerning technical analysis and more specifically, trend indicators, investors are seeking long positions as Litecoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to momentum evaluation, the Relative Strength Index indicates Litecoin is in an overbought condition. Analysis based on the asset volatility indicates that LTC's upper Bollinger Band® is at $114.52 which indicates a further downward move may follow.
Notwithstanding LTC's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Other assets are showing positive performances as FTX Token gained 9.54% and is currently trading at $1.36. Having closed the previous session at $0.076, TRON is up 2.08% today to currently trade at around $0.078. Having closed the previous session at $0.124, Algorand USD is up 3.83% today to currently trade at around $0.128.
Litecoin has gained 1.76% over the last a day. LTC has a market cap of 8 billion with an average daily volume of 739.24 million.
