Litecoin Price Analysis: LTC/USD bulls couldn’t sustain the $150 mark, attempting new support

TL;DR Breakdown Today’s Litecoin price analysis is bullishour daily Litecoin price analysis starting at an intraday low of $215 to a high of  $221Litecoin is preparing for a rally Today’s Litecoin price analysis is bullish following a market consolidation market around the $145 support overnight after a substantial decline earlier this week. Therefore, we hope that the  LTC/USD pair will undergo a reversal over the next 24 hours as the bulls aim to face further upsides.  Litecoin price movement in the last 24 hours: Litecoin still holds above $140 support We recorded a tight daily range on our daily Litecoin price analysis, starting at an intraday low of $140 to a high of  $155. The tight range shows the market is undergoing little volatility on the 24-hour chart. Litecoin’s daily trading volume surged by 0.41 percent to a sum of $3.84 billion, while the total market capitalization stands at $14 billion. Litecoin is ranked at position #15 overall among the top 20 altcoins by market cap.  LTC/USD 4-hour chart: LTC set to reverse from the $165 support?  On the 4-hour Litecoin price analysis chart, we can observe Litecoin price action preparing to retrace higher after the coin dropped towards the intraday low. Support at $15 prevented further downsides, and the price currently trades at $216.  LTC/USD 4-hour chart. Source: TradingView Litecoin has undergone an increase of more than 120 percent...