Mixed sentiment leads Litecoin cryptocurrency to trade sideways; establishes tight $92.03 to $92.67 range

A mostly flat day so far for LTC, ranging between $92.03 and $92.67; currently at $92.11.

Litecoin's upper Bollinger Band® is at $96.32, suggesting that a downward move may follow. In contrast, LTC is approaching key support, around $1.04 away from $91.07. 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.

Other markets show mixed performance as FTX Token is up 9.54% to $1.36. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

The past 6 months have been positive for LTC as it appreciated 48.25%, having traded as low as $43.3. Litecoin has a market cap of 6.72 billion with an average daily volume of 527.75 million.