LTC cryptocurrency trades up $2.42, approximately 2.69% higher this afternoon

Litecoin closed out today at $90.12. Today, it reached highs around $93.26 before dropping back to $92.54.

Visual analysis of LTC's chart shows that Litecoin is $1.63 away from testing key resistance at $90.91. Peaking above this level could inspire market bulls and open the path to further gains. Trend-focused traders would be interested to note that investors are seeking long positions as Litecoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Price action remains constrained around the key Fibonacci level of $91.65 currently serving as resistance Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $93.91, thereby suggesting that LTC is becoming overvalued.

Overall, while Litecoin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other markets are also showing gains as FTX Token is up 9.54%. Dogecoin ascends 2% to trade around $0.074.

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

LTC has appreciated 54.81% over the past six months. LTC is currently trading with a market cap of 6.75 billion with an average daily volume of 510.26 million.