LTC gains positive traction for a 4th successive day

Litecoin has rallied $1.52, or 1.62%, to now stand at $95.34.

Litecoin broke through the $95.14 resistance and climbed above it 19 cents; next resistance level is at $98.33. The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. LTC has crossed the upper Bollinger Band® at $95.04, a potential sign that further gains are to follow.

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

Litecoin shows positive signs, other assets are also on par: FTX Token surges 9.54% to trade around $1.36. Solana is up 6.44%. Binance Coin improves 3.48% to trade around $329.63.

The past 6 months have been positive for LTC as it appreciated 74.25%, having traded as low as $43.3. Litecoin has a market cap of 6.93 billion with an average daily volume of 563.76 million.