Litecoin (LTC) is currently experiencing a bull trend, with the market's bullish momentum indicated by its 1.63% gain to $89.28, and a 1.64% increase in its market capitalization, as well as a 5.32% increase in its 24-hour trading volume. The Klinger oscillator score of 437 signalled that the bulls were dominating the market trend and the Vortex indicator reading of 1.0941 and signal line 0.8871 showed that traders are more likely to continue buying LTC. As the Relative Volatility Index value of 68.72 also imply a possible further increase in price.

The overall improving market sentiments of LTC was also supported by the Relative Strength Index score of 54.85, indicating that the coin is still undervalued which is in favour of the buyers and investors. Bulls successfully maintained the support at the 24hour low of $86.39 and if the bearish pressure does not overwhelm, it is likely that the price of LTC will move above the $89.59 resistance level in the short term.

In summary, the bullish trend of LTC is showing no signs of slowing down and with its promising potential gains, it is an attractive cryptocurrency to add to an investment portfolio. However, investors are also warned to do their own research and due diligence before making any decisions, as all investments are subject to risks and can lead to monetary loss.



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