Litecoin Price Analysis: LTC shows strong resolve to stay above $170

TL;DR Breakdown Litecoin showed signs of short-term support forming at $165 LTC/USD pair showed greens after falling as low as $162 over the last 24 hours$200 mark seems a realistic target for year end Litecoin price analysis suggests that the cryptocurrency is set to find short-term support above the $165 mark. After falling yesterday near $160, bulls have spanned the LTC market over the last 24 hours. The highs of the past week that propelled LTC up into the late $170s broke yesterday as sellers moved as low as $162.66. However, support kicked in around that mark and the 6th largest cryptocurrency in the world quickly raced back above the new expected support level of $165. At the time of writing, the LTC/USD pair stands just below $170 at $169.83 and looks to build momentum from here for the short-term. After a few days, the major cryptocurrencies faced slight corrections over the past 24 hours. Bitcoin (BTC) dropped from 0.3 percent from the psychological figure of $46,000 to stand at $45,728. Similarly, Ethereum (ETH) dropped 1.7% down to just above the coveted $3000 mark. Altcoins faced similar corrections, apart from Cardano (ADA), that went up 4 percent to stand at $2.24. The biggest dent was seen in Solana (SOL) after its pullback from an earlier ascent into the top ten cryptocurrencies by market cap. Litecoin price analysis: Positive re-enforcement entering the market over the past 24-hours The 24-hour market beh...