Litecoin price analysis: LTC/USD likely to hit $190 amid heavy buying

TL; DR Breakdown Litecoin price analysis shows heavy buying actionOn the 5-day chart, LTC/USD pair has been trading in a bull trend recording a 3 percent price increase.Bitcoin is trading at $48K, which is a -2.4 percent deviation. In the last 24 hours, the price of LTC/USD has been on a surge. Litecoin price analysis: General price overview On the 5-day chart, LTC/USD pair has been trading in a bull trend recording a 3 percent price increase. The 5-day Litecoin price analysis chart picked off when bulls were in control of the market. However, on the first day, the coin price seemed to be dipping as the sellers had dominated the market, making the red candlesticks outnumber the green candlesticks. This negative price trend was cut short on the third day, LTC saw a price surge forming a rising triangle.  The price is above the 40-period momentum indicator, meaning that the price is moving in a positive direction. Many day traders usually prefer the momentum indicators to get a clear picture of Litecoin price analysis. Source: Coin360 Despite most digital assets being promising on yesterday’s heat map, most digital assets are bleeding today. The largest digital asset had a perfect day as it attained its target of $50K. However, it did not take long for the bears to overturn the bull trend. Bitcoin is trading at $48K, which is a -2.4 percent deviation. Ethereum has also recorded a slight deviation of only -0.96 percent, while t...