- Litecoin price is showing a bullish reaction as it tags the $124.62 support level.
- A further build-up of buying pressure is likely to propel LTC by 20% to $149.22.
- If the bears lead to a breakdown of the support floor at $118, the bullish thesis will face invalidation.
Litecoin price is currently indicating a reversal in price after a two-week consolidation phase. LTC is likely to retest the upper limit of this range in an attempt to shatter it.
Litecoin price…
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