Litecoin price analysis: LTC/USD set to break past $180 by midnight

TL;DR Breakdown The 24-hour Litecoin price analysis chart was slightly bullish yesterday.MTN is the best overall in terms of gains, and it has recorded a surge of almost 90 percent.In the early hours, a large portion of the cryptocurrency heat map was red. Litecoin price analysis: General price overview Yesterday, the 24-hour Litecoin price analysis chart was slightly bullish yesterday. During the final hours of yesterday’s session, the bears turned a descending channel around. However, in the first five minutes on today’s daily Litecoin price analysis chart, the bulls took control of the market, pushing prices higher. The bullish channel was terminated by strong resistance at $172. The price of Litecoin was volatile, often trading in head and shoulder formations as many sellers were in the LTC/USD market. The bulls were on the drawing table, developing plans to turn the bearish trend around. One hour after the daily chart began, the bulls created a significant barrier at an intraday low of $169.1. Since then, the bulls have been in control of the market. The Bollinger bands expanded in the early trading session, indicating that LTC/USD was highly volatile. Litecoin’s price was near the middle line of the Bollinger bands, implying a modest movement. At the time of writing, the Choppiness Index (CHOP) is at 30, indicating that the market has solid directional movements. In the early hours, a large portion of ...