Litecoin price analysis: LTC bulls to rest on $171.8 support

TL;DR Breakdown Litecoin price analysis is mostly bearish today.Support is found at the $172 level.The current resistance is at the $184 mark. The Litecoin price analysis reveals a mostly bearish trend today. After a little bullish activity in the morning, LTC/USD met resistance at $184, and a bearish trend has been consistent thereafter. The bears have continued their progress and brought the price down to $ 177.92 at the time of writing. After the flash crash of 7th September 2021, when LTC/USD pair lost a whopping 38 percent value in a single day, bears are continuously ruling the market for LTC except when LTC gained a five percent value for a few hours on 8th September. This was the last significant gain by LTC, and a very slight improvement has been observed after that. Litecoin lost almost 2.5 percent value in the last 24 hours and is down by 4.5 percent overall during the previous seven days. Most of the altcoins are on the decline today again, as are the giants’ Bitcoin and Ethereum. LTC/USD 1-day price chart: Resistance of $184 is proving challenging for LTC bulls The 1-day price chart for Litecoin price analysis shows that price has been rising very slowly and in tiny increments for the past two days after the major decline of 7th September. A small but gradual price rise is a good sign for intraday traders, but resistance at $183 is proving hard to pass by for LTC/USD pair. LTC/USD 1-day price chart. Source:...