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The Litecoin price has been closely following our predictions and recently we saw the Altcoin bounce off the $245 key support, we talked about this key support in a previous analysis Litecoin $250 Target Met! Watch This Key Support.
This bounce was a retest of the previous ATH and is a very bullish price action for Litecoin. There is a very high probability that we might see a stronger push to the upside in the coming days.
In this analysis, we will be talking about this coming bullish surge as well as what might be causing the bull run in the general crypto market.
Everything Going Up!
We are at a unique time in history where cryptocurrency is the hottest topic in town.
This surge in popularity and crypto investors is driving the bullish run we are currently witnessing in the crypto market, and we can expect this bull run to continue even as governments around the world are steadily increasing fiat money printing in abid to reopen the economy.
Litecoin is one of the cryptocurrencies taking advantage of this surge in demand. Currently trading at new highs, the Altcoin is getting ready to make a massive move up to the $329 price region soon.
We can expect to see volatility and bullish momentum increase in the coming days even as the Litecoin price has finally broken through the last key level.
The $245 Key Support
It is important that the Litecoin price continue to trade above the $245 support level. A break and close back down below that key support could see bearish weakness come back into the market and push Litecoin lower.
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