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Litecoin trades at $87.83 after gaining $0.603 (0.69%).
With regards to technical trend indicators, chart analysis show that Litecoin made an initial breakout above its 5 day Simple Moving Average at $87.71, a potential indicator of a newly emerging bullish phase. Analysis of Litecoin's recent price action suggests LTC reversed direction at $88.51 resistance zone and retreated back 68 cents below it.
With market volatility ebbing, the current technical outlook indicates LTC will remain range-bound for the immediate future.
3 months ago Litecoin reached a significant high of $102.04 but has consequently lost 14.52% since then. Litecoin is currently trading with a market cap of 6.41 billion with an average daily volume of 555.46 million.