Litecoin Price Analysis: LTC swiftly moves for another test of $145 support, further downside to follow?

TL;DR Breakdown Litecoin price analysis is bearish today.LTC/USD saw another decline overnight.Litecoin looks to break below $145 support. Litecoin price analysis is bearish today as another move lower led LTC back to the $145 support. Therefore, we expect LTC/USD to finally break lower and move to the $135 next support. Cryptocurrency heat map. Source: Coin360 The crypto market has seen a bearish momentum return over the last 24 hours. Bitcoin is down by 4.62 percent, while Ethereum has lost 6.44. The rest of the top altcoins follow Ethereum, with a loss of around 5-7 percent. Litecoin price movement in the last 24 hours: Litecoin tests $145 again LTC/USD traded in a range of $144.30 – $153.65, indicating strong volatility over the last 24 hours. Trading volume has declined by 15.67 percent and totals $2.7 billion, while the total market cap trades around $9.68 billion, ranking the coin in 17th place overall. LTC/USD 4-hour chart: LTC set to finally break lower? On the 4-hour chart, we can see Litecoin price action approaching previous lows as bears prepare to finally break the $145 support. LTC/USD 4-hour chart. Source: TradingView Litecoin price action has seen strong bearish momentum over the past weeks. After an initial drop on the 7th of September, LTC spiked to $160 and found support above $170. Above the support, several days of consolidation followed, with the $190 mark as a resistance. On the 16th of Septe...