Mixed sentiment leads LTC cryptocurrency to trade sideways; establishes tight $80.03 to $80.85 range

Without a clear-cut direction, LTC is trading around $80.29 and ranging between $80.03 and $80.85.

Litecoin is approaching key support, around $2.11 away from $78.18. 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. Litecoin made an initial breakout above its 200 day Simple Moving Average at $80.91, a potential indicator of a newly emerging bullish phase. LTC's upper Bollinger Band® is at $94.22 and the lower is $78.32.

With market volatility ebbing, the current technical outlook indicates Litecoin will break higher above its recent ranges in the immediate future.

Meanwhile, 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. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.

Litecoin reached a significant high of $102.04 around 2 months ago but has lost 21.57% since then. LTC has a market cap of 5.85 billion with an average daily volume of 523 million.