Mixed sentiment leads Litecoin cryptocurrency to trade sideways; establishes tight $87.1 to $87.49 range

Litecoin is now trading at $87.49 after tracing out a steady $87.1 – $87.49 range today.

As the day gets underway, chart analysis suggests Litecoin is approaching key support, around $1.32 away from $86.17. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

While LTC is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin Cash slides down 1.34% to trade around $219.91.

11 months ago, LTC fell to a low of $47.28 but has since recovered 84.35%. LTC is currently trading with a market cap of 6.41 billion with an average daily volume of 494.25 million.