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Cryptopolitan 2021-09-16 06:43:16

Litecoin price analysis: LTC/USD expected to break above $190 resistance

Litecoin price analysis suggests further sideways movement.At the time of writing LTC.USD is trading at $187.LTC faces resistance at the $190 mark. Litecoin price analysis: General price overview Litecoin followed a favorable trend on the previous day’s Litecoin price analysis chart. However, this bullish movement was halted by solid selling pressure when the daily price analysis chart set in, causing the prices to drop sharply to the lowest level on the daily price analysis chart at $186. The bulls seemed to be on the drawing board strategizing a possible attack that would alter the current negative trend. The bulls congregated in large numbers and amassed enough power to establish solid support that reversed the bearish trend, causing the LTC/USD to surge. Most of the crypto heatmap parts are greenish, meaning the bulls dominate the market and are set to push the prices to where they were before the current dip. Source: Coin360 The broader cryptocurrency market has observed a bullish sentiment over the last 24-hours as most major cryptocurrencies record a positive change over the period. The most popular digital asset Bitcoin is presently priced at $48.0K, it aims to rebound back above the 50K mark. Ether is trading with a few dollars above $3.5K with a 4 percent increase. The bulls are eyeing ETH’s target of $4K as their next stop. Buyers intend to bring BNB back to its previous value before the current price dip. It...