| 
May 28, 2023Small gain for Litecoin at $89.18 after ranging between $88.38 and $90.21 today.
Litecoin broke through the $89.13 resistance and climbed above it 5 cents; next resistance level is at $90.38. LTC made an initial breakout above its 50 day Simple Moving Average at $89.12, a potential indicator of a newly emerging bullish phase.
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 having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. EOS improves 2.15% to trade around $0.902. Cardano gained 2.65% and is now trading at $0.377.
LTC reached a significant high of $102.04 around 3 months ago but has lost 13.18% since then. LTC is currently trading with a market cap of 6.51 billion with an average daily volume of 539.20 million.
