TL;DR Breakdown Litecoin price analysis reveals that LTC has recovered to the $182 level after the crash.The flash crash swept the market following the king Bitcoin.Current support is found at the $173 mark.Current resistance is found at the $188 mark. Litecoin price analysis reveals that the cryptocurrency is coming out of the flash crash movement rather strongly. The cryptocurrency fell almost $34 with the flash crash from the $200 range to the $164.84 mark. Litecoin price is down by 16.60 percent in the past 24-hours; however, the cryptocurrency is up by 5.62 percent in the past seven days. The cryptocurrency stands at the 12th spot when it comes to overall market capitalization. The current movement is driven by Bitcoin’s flash crash, and the market is suffering the king’s tide as usual. Litecoin price analysis: 1-day candlestick shows bearish crossovers The one-day candlestick Litecoin price analysis chart shows a few bearish crossovers happening at the time of writing owing to the flash crash momentum that has developed in the past 24-hours. The upper Bollinger band is found at the $221 mark, also marking the strongest resistance point; with the volatility increasing many folds, the lower Bollinger band is found at the $150.77 mark, also marking the strongest support point. LTC/USD 1-day candlestick price chart. Source: Trading View The nine-day moving average and the Bollinger bands’ average are mark...
