Tough start for Litecoin this morning following 0.69% decline; now at $96.15

LTC weakened earlier in the day, before moving away from its $95.7 low and recovering back to $96.15.

Litecoin made an initial break below its 3 day Simple Moving Average at $95.7, a possible indication of a forthcoming negative trend. Litecoin's upper Bollinger Band® is at $97.26 which indicates a further downward move may follow. Despite this, LTC reversed direction at $95.31 support zone and climbed 84 cents above it.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for LTC.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Cosmos USD goes up 2.27% to trade around $12.68. UNICORN Token USD is up 1.62%.

LTC has appreciated 89.79% over the past six months. LTC is currently trading with a market cap of 6.99 billion with an average daily volume of 478.40 million.