Litecoin Price Analysis: LTC swiftly retests $145 for the third time, reversal to follow next week?

TL;DR Breakdown Litecoin price analysis is bullish for today.LTC/USD saw support at $145 for the third time this week.Bulls currently reject further downside. Litecoin price analysis is bullish today as the market found support at the $145 mark again this morning. Therefore, we expect a reversal to follow for LTC/USD today, with the $165 resistance as the next target. Cryptocurrency heat map. Source: Coin360 The overall market traded in the red over the last 24 hours, despite the market leader, Bitcoin, gaining 0.17 percent. Ethereum is down by 0.35 percent, with the rest of the top altcoin experiencing an even bigger loss. Litecoin price movement in the last 24 hours: Litecoin spikes to $145, starts to trade higher LTC/USD traded in a range of $142.55 – $155.21, indicating strong volatility over the last 24 hours. Trading volume has declined by 11.85 percent and totals $2.94 billion, while the total market cap trades around $9.87 billion, ranking the coin in 16th place overall. LTC/USD 4-hour chart: LTC looks to move higher? On the 4-hour chart, we can see the Litecoin price action starting to move higher again this morning, indicating further upside to follow. LTC/USD 4-hour chart. Source: TradingView Litecoin price action saw bearish momentum return this week. After a strong drop to $170 earlier this month, we saw a several-day consolidation for LTC/USD. Last week, LTC also set a lower high below $195, from which...