LTC cryptocurrency trades up $1.33, approximately 1.48% higher going into tomorrow

Litecoin trades at $91.12 after gaining $1.33 (1.48%).

Litecoin price action is currently oscillating around the $90.47 resistance level with prices moving above and below several times during the session. Although up today, early price action saw Litecoin dropping below its 5 day Simple Moving Average at $89.47 — an early indicator that a new downward trend could be emerging.

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

LTC 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. TRON is up 2.16%. Having closed the previous session at $118.13, Bitcoin Cash is up 1.4% today to currently trade at around $119.79.

Litecoin has appreciated 63.21% over the past six months. Litecoin has a market cap of 6.63 billion with an average daily volume of 584.97 million.