Mixed sentiment leads Litecoin cryptocurrency to trade sideways; establishes tight $90.95 to $91.41 range

A mostly flat day so far for LTC, ranging between $90.95 and $91.41; currently at $91.05.

Litecoin made an initial breakout above its 10 day Simple Moving Average at $91.22, a potential indicator of a newly emerging bullish phase. Litecoin is approaching key support, around $2.34 away from $88.72. 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.

Despite muted price action in LTC, chart analysis indicates it is positioned for a bullish run in the short term.

At the same time, mixed performances are seen elsewhere as FTX Token gained 9.54% and is now trading at $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. TRON is up 0.61%.

LTC has appreciated 63.93% over the past six months. LTC has a market cap of 6.63 billion with an average daily volume of 562 million.