Litecoin Price Analysis: LTC breaches $165 on its way towards major $191 target

TL;DR Breakdown Litecoin price is bullish after buyers built momentum overnight and cross $165According to Coin Market Cap, Litecoin is ranked number 15 by market capitalization. At the time of writing, Litecoin is trading at $167 against the US dollar.  Litecoin Price Analysis: General price overview Litecoin price is bullish after buyers managed to build more momentum overnight and crossed the $165 price hurdle. The bulls are fighting to sustain an upward continuation towards the $170 region.  Overall, the cryptocurrency market is trending with a bearish zone. Bitcoin has lost 3.72 percent over the last 24 hours, while ETH shed 5.24 percent. Dogecoin and Solana lost 10 and 8 percent, respectively. The best performer is lending protocol token ALPACA, which has gained 22 percent in the last 24 hours.  Litecoin price movement in the last 24 hours: In our Litecoin price analysis today, LTC/USD traded within a wide daily range of $162 – $170 after the bulls manage to breach resistance at $169 and briefly touched the $170 price range. The wide range suggests high price volatility, to the advantage of swing and day traders.  Litecoin’s trading volume over the last 24 hours decreased by 9.34 percent totaling $2.2 billion. On the other hand, the coin’s market capitalization saw an 8.34 percent decrease that totals to $11.1 billion. According to Coin Market Cap, Litecoin is ranked number 15 by market ca...