Mixed sentiment leads LTC cryptocurrency to trade sideways; establishes tight $92.22 to $93.37 range

Litecoin drops from $92.95 to $92.55, losing $0.393 (0.42%) today.

Litecoin's upper Bollinger Band® is at $97.55, suggesting that a downward move may follow. On the other hand, note that LTC is approaching key support, around $2.74 away from $89.82. 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.

At the same time, mixed performances are seen elsewhere as FTX Token soars 9.54% to trade around $1.36. Dogecoin moves up 2% to trade around $0.097. UNICORN Token USD gained 1.62% and is now trading at $6.47.

LTC has gained 28.42% since its lowest print of $43.3 earlier this year. LTC has a market cap of 6.72 billion with an average daily volume of 635.81 million.