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April 13, 2023
Small gain for Litecoin at $92.78 after ranging between $91.95 and $92.94 today.
Although up today, early price action saw Litecoin dropping below its 21 day Simple Moving Average at $91.89 — an early indicator that a new downward trend could be emerging. LTC's upper Bollinger Band® is at $94.81, this is a slight indication of a slowdown. LTC could be slowing down soon as it approaches resistance at $94.06. Of course, crossing it might suggest further gains are ahead.
Examining the technical analysis landscape, Litecoin is likely to reverse course and start pointing downward in the short term.
Litecoin shows positive signs, other assets are also on par: FTX Token added 9.54% to its value, now trading at $1.36. UNICORN Token USD increases 1.62% to trade around $6.47.
Meanwhile, NEAR Protocol closed at $2.16 (down 2.78%).
The past 6 months have been positive for LTC as it appreciated 75.95%, having traded as low as $43.3. LTC is currently trading with a market cap of 6.74 billion with an average daily volume of 524.58 million.
