TL;DR Breakdown The daily Litecoin price chart is bearish.The Bollinger bands are narrow on the daily Litecoin price analysis, implying a less volatile market.The LTC/USD is trading at $160. Litecoin price analysis: General price overview Today’s Litecoin price analysis chart started with bullish pressure. The buyers dominated the market for the first two trading hours, pushing the price of LTC/USD to an intraday high of $162. Bears came in and outnumbered the bulls and so caused price resistance. The price of Litecoin dropped in a descending triangle. After that, the coin traded in head and shoulder trend, recording the intraday low of $142. A major barrier was erected by the sellers, making it difficult for the bulls to overcome. As a result, strong seller resistance allowed the bears to dominate the LTC/USD market, resulting in severe drops. At the time of writing, the LTC/USD exchange rate was $174. LTC fell steadily for the rest of the day, although overall value increased yesterday owing to all of the preceding sessions’ bullish activity. Still, throughout the day, bears held sway over the LTC market unchecked until the end. LTC/USD is in a total bear market, with values falling by 16%. This should be good news for traders who have yet to invest in cryptocurrencies. If you’re willing to put your fiat into the cryptocurrency market, now is a good time to do so. Not everyone can afford to invest in the crypto market...
