Litecoin price analysis: LTC struggling to stay above $165

TL;DR Breakdown Litecoin price analysis shows bearish momentum reigning supreme.LTC/USD pair has found strong support at the $162 mark.LTC struggling to stay above the $165 mark. Litecoin price analysis shows that the cryptocurrency has lost strong support found at the $175 and on the $170 mark below that to fall below the support levels. Litecoin had been enjoying strong support levels during the past five days, but bearish momentum finally managed to break the support levels. At the time of writing, LTC/USD price stands at the $166.96 mark, with strongest support found at the $162.50 mark. Litecoin price analysis: bearish momentum broke the support in past 24-hours The 24-hours Litecoin price chart reveals that the cryptocurrency is in for further bearish momentum in the near future. The past three days have largely been bearish, and the volatility has increased. The Bollinger bands’ upper value stands at $190.16, marking the strongest resistance point. Whereas the Bollinger bands’ lower value stands at the $128.11 mark, marking the strongest long-term support levels. LTC/USD price 1-day candlestick chart. Source: Trading View In the past 24-hours, the strong support previously found at the $175 mark has converted into a strong resistance level after the bearish momentum took control of the price. The moving average value stands at the $174 mark, making it the strongest resistance, while the strongest support is...