TL;DR Breakdown Litecoin price analysis shows that the altcoin is recovering well.Litecoin underwent a major price drop following Bitcoin.Strong support is currently found at the $176.70 mark.Strong resistance is currently found at the $185 mark. Litecoin price analysis chart reveals that the altcoin is recovering well after the 7th of September flash crash. Litecoin was among the coins that took a lower blow than other coins. During the past 24-hours, Litecoin has been down by 0.31 percent, while on the seven-day charts, it is down by 1.93 percent. The cryptocurrency is surrounded by bearish tides amidst the recovering movements. Litecoin price analysis 1 day candlestick reveals bearish crossovers The one-day Litecoin price analysis reveals bearish crossovers filling in on the charts while the volatility is increased by a few folds. The upper Bollinger band is found at the $221 mark showing the highest resistance point, while the lower Bollinger band is found at the $150 mark showing the biggest support mark. Besides the increased volatility, there are two bearish crossovers filling the charts. LTC/USD 1-day candlestick price chart. Source: Trading View The first bearish crossover is found at the nine-day moving average (MA) value of $197, and the second bearish crossover is found at the Bollinger bands’ average found at the $185.94 mark. While the current price stands at a $181.90 level. The relative strength index i...
