TL;DR Litecoin price analysis shows the bearish curve has still not changed.Support of $172 is still valid in the short-term.Resistance found $184 yet to be attempted. The Litecoin price analysis for today shows LTC is on recovery for good. The bulls are attempting to take the price higher, and currently, the LTC/USD pair is trading at $175 at the time of writing. After yesterday’s bearish plunge, the bulls are trying to break the pattern and continue their course. Litecoin is among the big losers of altcoins if we look at the course of the last seven days, as LTC lost 17 percent value over the past week following the decline in bitcoin’s value. The market is showing positive sentiment for LTC, while many altcoins are showing losses; LTC/USD pair is moving higher but in small increments. LTC/USD 1-day price chart: LTC bulls on the move The 1-day Litecoin price analysis shows a slight price improvement today. Bulls are successfully carrying out their lead towards the resistance mark of $184 as support of $172 seems solid. The price is moving in a positive direction. LTC/USD 1-day price chart. Source: tradingview The volatility is still higher and is slowly increasing than yesterday’s level as the lower Bollinger band gently moves down the slope and is at the mark of $148, indicating an increase in the volatility. The upper band is at $221 and still moving straight. The moving average is above the price l...
