Litecoin price analysis: LTC at $173 critical support zone, bullish momentum gains ground

TL;DR Breakdown Litecoin is trading close to the 20, 50 and 100-day moving average lines, the current support region. LTC sustained strong intra-day interest to jump above vital Displaced Moving Averages (DMAs)Resistance maintains at the $190 mark although recent pullback from last week’s high of $191 has given bulls another opportunity. Litecoin price analysis suggests that the cryptocurrency is trading dangerously close to the support zone around the $170 mark established in the current scenario. After some recovery from earlier in the week where price dipped as low as $166.67 on August 26, the 15th largest cryptocurrency in the world sits at $174 at the time of writing. Selling pressure was observed near the $200 mark, which set resistance levels around $190. The current price is up 3.2 percent in intra-day trade, while trading volume has dropped by the same percentage, presenting prospect of a slight incoming correction. LTC followed a positive progression in the larger cryptocurrency market led by Bitcoin‘s ascent up to near $49,000, a 7-day high. Ethereum went up by 4 percent at $3,243, while Altcoins also propelled. Ripple and Dogecoin increased approx. 5 percent each to sit at $1.17 and $0.28, respectively, while the biggest increments were seen in Cardano (9.4 percent) and Solana (10.4 percent). Litecoin Price Analysis: Cryptocurrency Heat Map. Source: Coin360 LTC/USD 24-hour chart: Price fluctuates close...