Litecoin price analysis: Bulls struggle to preserve $190 amid zig-zag price action

TL;DR Breakdown The bears are trying to survive after a strong bullish momentum.Litecoin price analysis show bears have caused minimal reduction in price levels up to $190.32.Bullish momentum likely to return at front if support remains $175.54. The Litecoin price analysis is showing a small shift in the market today, as resistance from the bearish side has been detected. The past few hours have seen a monumental rise in the price level, yet the recent activity has been bearish. The price has lowered to $190 and is likely to retrace as the trending line is in the favor of bulls. The resistance present at $192 can be crossed only if the bulls succeed in winning back their lead. LTC/USD 1-day price chart: Bullish momentum to continue The 1-day chart showing cryptocurrency progress is going smoothly in the direction of bulls. The buyers are approaching the market on a majority basis, and have succeeded in increasing the price to $190.26. This is considerably higher than the Moving Average (MA), which is currently standing at the $179.22 value. The volatility is slightly increasing, which is a negative indication for the future as per Litecoin price analysis. LTC/USD 1-day price chart. Source: TradingView The Bollinger bands are significant in indicating the current trends, and they are displaying the following values; the upper band is present at $198.4 while the lower band is present at $140.30, respectively. The Relative Stre...