Litecoin price analysis: Bulls on the run to cross resistance at $218

TL;DR Breakdown Litecoin price analysis reveals Bulls are on the run to shoot past the $218 level.The price of LTC/USD is again in an uptrend today.A healthy correction might come in the way. The Litecoin price analysis is again showing a strong bullish trend today after a light bearish stroke of yesterday. The LTC/USD value went down about 1 percent in the last 24 hours, but overall, the cryptocurrency gained 21.5 percent of value during the last week. This is a huge improvement seen after May 2021. Litecoin seems to be following the footprints of the king cryptocurrency Bitcoin, which is setting the market trend for altcoins. Currently, LTC/USD is trading at $217.35 at the time of writing as more buyers are entering the market. Resistance came in yesterday at the $218 mark, but bulls are rallying high to cross the resistance as per Litecoin price analysis. LTC/USD 1-day price chart: Bulls trying to climb past $218 level The 1-day price chart shows LTC/USD pair value is improving again and is to cross the resistance mark of $218. The significant bullish momentum has marked a new high for the last three months as bulls have regained the momentum after yesterday’s bearish disturbance. The price levels are again increasing as per Litecoin price analysis. The moving average (MA) is seen at $188.57, quite much below the price level. At the same time, Bollinger bands average is at $181.99. LTC/USD 1-day price chart. Source: ...