Litecoin price analysis: LTC descent continues as bears push price past $160 support

TL;DR Breakdown Litecoin price fell as low as $150.73 on intra-day tradeAfter consolidation at $182 last week, LTC fell another 13 percentTrading volume up 31 percent to further justify worrying trend Litecoin price analysis shows that the token has continued its distinct decline this week, recording as low as $150.73. After reaching a 30-day high of $231.33 on September 5, LTC witnessed a severe sell off on September 7, pushing price as low as $161.32. A consolidation period followed, boosting price up to $189. Since then, the coin has been facing significant sell offs in the market, propelling it back to $160.27 at the time of writing. Trading volume consolidates the worrying pattern for LTC, upping 31 percent over intra-day trade to sit well above 3 billion. The larger cryptocurrency market mimicked Litecoin’s trend over the last 24 hours, led by Bitcoin receding more than 4 percent to move as low as $43,000. Ethereum also fell 3 percent to sit just above $3,000 while Altcoins presented similar signs. Dogecoin continued its downfall from yesterday, moving down another 7 percent to $0.199, while Ripple and Cardano also plummeted. The only positive movement in the overall market was seen by Solana, sitting just above $142. Litecoin price analysis: Cryptocurrency Heat Map. Source: Coin360 LTC/USD 24-hour chart: Red candlesticks dominate intra-day trade On the 24-hour chart for Litecoin price analysis, red candlesticks...