Litecoin price analysis: Litecoin now targeting $160

TL;DR Breakdown Litecoin price analysis is bullish for today.For the third time this week, LTC/USD found support at $145.Bulls anticipate a surge. The Litecoin price is currently bullish, as the market has recovered from $145 support this morning. As a result, we anticipate LTC/USD to reverse course today, with the $165 resistance serving as the next target. The Litecoin price is currently bullish, as the market has bounced from solid support at $145. This level held for the third time this week, and while we did see a spike below it earlier today, bulls immediately pounced on this corrective move. The market is now firmly above $145 resistance and poised to hit $165 before the end of today. Litecoin price movement in the last 24 hours: Litecoin spikes to $155 The Bollinger bands are wide open, as volatility is beginning to pick up again. The MACD oscillator has moved below the signal line. A bullish crossover can be expected soon. Litecoin price analysis: The market held above $145 support despite a flurry of bearish news this week Bulls are currently rejecting further downside, and the Litecoin price is eyeing $160. As expected, LTC/USD experienced a sharp correction this morning. The market fell to $145 support again before bouncing off the lower band of the Bollinger bands, which are open wide. As a result, volatility is beginning to pick up, which is usually a sign that bullish momentum will soon begin to take hold again...