Litecoin price analysis: LTC strong at $174 after price drop

TL;DR Breakdown Litecoin price analysis reveals that the cryptocurrency is strong at $174.Strong support is currently found at the $172 mark.Strong resistance if currently found at the $175 mark. Litecoin price analysis reveals that the cryptocurrency is standing strong at the $174 mark after a bearish drop that took the price down to $172.75. During the past 24-hours, the cryptocurrency has been down by 4.21 percent and by 6.99 percent in the past seven days. At the time of writing, the cryptocurrency is fluctuating between the $173 and $174 price ranges. The overall market trend is currently very unpredictable as both the top currencies, Bitcoin and Ethereum, are going through a correction period. LTC/USD 1-day price chart reveals bearish crossovers The one-day Litecoin price analysis candlestick chart reveals more than one bearish crossovers. The upper Bollinger band posing the strongest resistance mark is found at the $189.56 mark. The first bearish crossover is marked by the nine-day moving average (SMA 9), which is found at the $176.97 mark. Whereas the second bearish crossover is marked by the Bollinger bands’ average, found at the $173.96 mark showing that the bears are still in control of the Litecoin price trend. LTC/USD 1-day price candlestick chart. Source: Trading View The lower Bollinger band is standing at the $163.67 mark at the time of writing. The relative strength index (RSI) on the one-day chart is f...