LTC cryptocurrency trades up $1.73, approximately 2.33% higher going into tomorrow

LTC trades at $76.18 after gaining $1.73 (2.33%).

Litecoin made an initial breakout above its 5 day Simple Moving Average at $75.43, a potential indicator of a newly emerging bullish phase. Despite this, Litecoin price action is currently oscillating around the $75.34 resistance level with prices moving above and below several times during the session.

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

Other markets are also showing gains as FTX Token soars 9.54% to trade around $1.36. Bitcoin improves 3.29% to trade around $26,358. Bitcoin Cash gained 3.32% and is currently trading at $108.03.

Over the past 3 months, Litecoin has retreated 27.04% from a noteworthy peak of $102.04. LTC has a market cap of 5.57 billion with an average daily volume of 547.42 million.