LTC cryptocurrency trades up $2.48, approximately 2.51% higher going into tomorrow

Litecoin went up to $103 only to drop back some of the way and is now trading at $101.27.

Litecoin made an initial breakout above its 3 day Simple Moving Average at $99.51, a potential indicator of a newly emerging bullish phase. Litecoin has crossed the upper Bollinger Band® at $100.74, a potential sign that further gains are to follow. Litecoin broke through the $99.87 resistance and climbed above it $1.4; next resistance level is at $101.23.

Overall, looking at the technical analysis landscape, it seems Litecoin might continue pointing upwards in the short term.

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. Bitcoin is up 3.36% to $30,435. Chainlink USD is up 5.26%.

Litecoin has managed to gain 38.84% so far this year despite trading at lows around $43.3 previously. LTC has a market cap of 7.37 billion with an average daily volume of 539.22 million.