Without a clear-cut direction, Litecoin is trading around $90.62 and ranging between $90.03 and $90.9.
Litecoin made an initial break below its 21 day Simple Moving Average at $90.21, a possible indication of a forthcoming negative trend. LTC's upper Bollinger Band® is at $94.5, suggesting that a downward move may follow. Despite this, Litecoin is approaching key support, around $1.05 away from $89.56. 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.
At the same time, 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 gained 1.62% and is currently trading at $6.47. Polkadot retreats 0.96% to trade around $6.15.
The past 6 months have been positive for Litecoin as it appreciated 67.2%, having traded as low as $43.3. LTC has a market cap of 6.59 billion with an average daily volume of 570.75 million.