Cryptopolitan
2021-09-16 02:38:54

Litecoin price analysis: LTC struggles to maintain $190 as decline looms ahead

TL;DR Breakdown Litecoin price analysis shows a mixed market sentiment.Support is present at $173.Resistance is present at $193. Litecoin price analysis for today is showing a slow bearish price movement. LTC/USD pair is struggling to maintain the current price level of $188 after the decline of yesterday when the price dropped from the level of $193. At the start of the day a minor bullish effort was noted but bears are again dragging the price to the lower side. Support is present at $173 followed by another strong support at $166, whereas resistance is found at $193. LTC/USD pair is overall on a gain of 3 percent over the last 24 hours and at a loss of value of more than 17 percent over course of the last seven days. Today the pioneering Bitcoin and Ethereum are also showing gains of 3 percent and 3.2 percent respectively. Most of the altcoins are also showing some improvement in price triggered by the giants of cryptocurrency. LTC/USD 1-day price chart: LTC to reattempt resistance breakout of $193 The 1-day Litecoin price analysis shows LTC/USD is struggling to maintain the current price levels. The price movement is slow and the volatility is on the high, but a positive turn in price movement can be expected as the moving average (MA) is diving down towards the price levels seems to be moving below the price level during the day. If it happens which seems imminent then it will be a bullish crossover. Currently, the mov...

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