Litecoin price analysis: Bulls try to bounce back above $183 after substantial damage

TL;DR Breakdown Litecoin price analysis shows bulls are trying hard to recover after a massive loss.The price chart shows slow recovery above $183 today.Bullish momentum increases the resistance level to $189.19. The Litecoin price analysis shows a considerable improvement in the price levels. The chances are available for the traders to hit the market and take the price level even above $183.19. The past few hours have been critical for coin value as the bearish momentum has been huge and overpowering. Yet, today the tides have turned and the bulls are slowly rising back. LTC/USD 1-day price chart: more opportunities for buyers as LTC past $185 again The 1-day chart showing cryptocurrency progress is showing a promising sign for the bulls. The bulls have been successful enough to win back their lead after a slight clash with the bears previously. The price is currently set at $183.04, and as the momentum will intensify it is much likely to go even higher. The moving average (MA) indicator is below the price rate i.e. at $178.1 as the bullish momentum has been considerable. LTC/USD 1-day price chart. Source: TradingView The volatility is also increasing which is a negative indication for the bulls, with the upper Bollinger band reaching $196.6 and the lower band reaching $136.71. The Relative Strength Index (RSI) score on the other hand is also encouraging as it is at a high score of 64.21. Litecoin price analysis: Bulls over...