LTC cryptocurrency trades up $2.35, approximately 2.93% higher this afternoon

LTC trades at $82.63 after gaining $2.35 (2.93%).

Litecoin made an initial breakout above its 200 day Simple Moving Average at $81.62, a potential indicator of a newly emerging bullish phase.

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

Other markets are also showing gains as FTX Token is up 9.54%. Bitcoin Cash improves 1.95% to trade around $115.31.

Meanwhile, UNICORN Token USD draws back 2.98% to trade around $6.43.

Over the past 2 months, LTC has retreated 21.33% from a noteworthy peak of $102.04. LTC has a market cap of 6 billion with an average daily volume of 489.68 million.