Litecoin price analysis: Bears break bullish LTC streak at $174 resistance

TL;DR Breakdown Bears have made a strong come back after a bullish strike.The price levels have decreased up to $173.57.Litecoin price analysis shows support remains strong at the $168.4 level. The Litecoin price analysis is going supportive for the bears today. More sellers are entering the market, as a result, the price levels are falling actively. The past few hours have been successful for cryptocurrency, as the bulls took the price levels to another height. Yet, today the bears have taken advantage by lowering the coin value down to $173.57. The resistance at $179 could not be crossed as the trends took a turn and the bears took the lead. LTC/USD 1-day price chart: Bulls dominate momentarily after facing defeat The 1-day price chart showing cryptocurrency progress is going bullish today after the bulls reversed the ongoing bearish trend. Although the momentum is not that significant, the price levels have still improved vividly and have reached $174 today. The momentum has been considerable, which is why the price value is just below the moving average (MA) value i.e. 175. The volatility seems to be on the decreasing side and is giving a positive signal for the future of cryptocurrency. LTC/USD 1-day price chart. Source: TradingView The Bollinger’s band indicator stands important in informing us about the ongoing trends, and it is displaying the following values; the upper value being $190 and the lower value being...