Mixed sentiment leads Litecoin cryptocurrency to trade sideways; establishes tight $90.56 to $92 range

Without a clear-cut direction, LTC is trading around $91.43 and ranging between $90.56 and $92.

Litecoin's upper Bollinger Band® is at $96.43, suggesting that a downward move may follow. In contrast, LTC is approaching key support, around $2.59 away from $88.83. 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.

Meanwhile, mixed performances are seen elsewhere as FTX Token is up 9.54%. EOS is down to $0.894, losing $0.018, after closing at $0.912 in the preceding trading session. Bitcoin retreats 1.13% to trade around $27,846.

After hitting an important low of $43.3 approximately 11 months ago, LTC has bounced back 111.55% since. LTC has a market cap of 6.68 billion with an average daily volume of 541.50 million.