Mixed sentiment leads Litecoin cryptocurrency to trade sideways; establishes tight $90.96 to $91.67 range

LTC recovers back to $91.48 after dipping down to $90.96 today, in a session that followed a closing value of $91.67.

Litecoin's upper Bollinger Band® is at $95.55, suggesting that a downward move may follow. On the other hand, note that LTC is approaching key support, around $1.28 away from $90.2. 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 LTC is positioned for a downward move in the near term.

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. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Ripple is trading around $0.465 (down $0.003).

The past 6 months have been positive for Litecoin as it appreciated 43%, having traded as low as $43.3. LTC has a market cap of 6.67 billion with an average daily volume of 529.92 million.