LTC cryptocurrency trades up $1.63, approximately 1.88% higher this afternoon

LTC trades at $88.29 after gaining $1.63 (1.88%).

Litecoin made an initial breakout above its 10 day Simple Moving Average at $88.58, a potential indicator of a newly emerging bullish phase. In contrast, LTC is 3 cents away from testing key resistance at $88.32. Peaking above this level could inspire market bulls and open the path to further gains.

Examining the technical analysis landscape, LTC might continue its downtrend 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. Bitcoin is up 1.92%.

Meanwhile, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Over the past 2 months, LTC has retreated 15.08% from a noteworthy peak of $102.04. Litecoin is currently trading with a market cap of 6.43 billion with an average daily volume of 585.46 million.