Mixed sentiment leads Litecoin cryptocurrency to trade sideways; establishes tight $89.31 to $89.74 range

A mostly flat day so far for LTC, ranging between $89.31 and $89.74; currently at $89.59.

Litecoin made an initial break below its 10 day Simple Moving Average at $89.36, a possible indication of a forthcoming negative trend. In contrast, LTC is approaching key support, around $1.14 away from $88.45. 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 the market lacking direction, technical chart analysis strongly suggests Litecoin is positioned for a downward move in the near term.

While Litecoin 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. UNICORN Token USD is trading around $6.43 (down $0.197). After ending today's session at $330.72, Binance Coin lost $2.08 and is trading around $328.64.

LTC has appreciated 64.43% over the past six months. LTC has a market cap of 6.52 billion with an average daily volume of 585 million.