LTC cryptocurrency trades up $4.15, approximately 4.41% higher this afternoon

Litecoin closed out today at $94.25. Today, it reached highs around $98.75 before dropping back to $98.4.

Investors are seeking long positions as Litecoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Price action overcame a known Fibonacci resistance level at $97.16 by around $1.24 with prices hammering out a $94.19 – $98.75 session range. Litecoin has just crossed its upper Bollinger Band® at $96.59, suggesting further gains could be on the cards. Litecoin reversed direction at $95.25 resistance zone and retreated back $3.15 below it.

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

Litecoin shows positive signs, other assets are also on par: FTX Token is up 9.54%. Ripple rises 5.26% to trade around $0.54. Ethereum gained 5.37% and is currently trading at $2,120.73.

Litecoin has appreciated 84.69% over the past six months. LTC has a market cap of 7.15 billion with an average daily volume of 499.72 million.