Litecoin (LTC) experienced a drop to a low of $87.78 in the past 24 hours, but bulls managed to regain control and push the price up to a high of $90.36 before facing resistance.
The price has since consolidated around the $89.82 level, representing a 0.92% increase at press time. The rise in LTC’s market capitalization by 1.02% to $6,541,931,221 suggests increasing investor confidence and potential for more price gains. However, the 24-hour trading volume has decreased by 47.29% to $465,341,657, indicating possible short-term price fluctuations and a need for caution when making investment decisions.
The ATR value and Fisher Transform rating also suggest positive momentum for LTC, but with potential for short-term fluctuations. Investors are advised to do their research and due diligence before taking any action, as the market remains uncertain.