Crypto analyst Loma recently predicted that both Bitcoin (BTC) and Litecoin (LTC) are headed for a surge. For Bitcoin, Loma suggested that a consolidation period in the $26,500 - $25,500 range should occur before the cryptocurrency takes out resistance at $28,800 and heads on a run to $38,000. The trading analyst also believes that Litecoin will break psychological resistance at $100 and possibly reach a high of $140.

At the time of writing, Bitcoin is trading at $28,487, and Litecoin is at $87.54.

Bitcoin's long bullish trend since its 2017 rally has been supported by institutional investors and corporate buyers, with many expressing faith in the cryptocurrency's decade-spanning network effect. More recently, Tesla acquired BTC and accepted payments in the crypto, while Visa, banks, and digital payment platform Square have all made announcements increasing their Bitcoin exposure.

Additionally, numerous altcoins have gained considerable attention through 2021. Litecoin and other smaller coins have trailed Bitcoin's meteoric price increase, but many owners of altcoins still benefit from a relatively strong technical support.

Loma's target for Bitcoin and Litecoin aren't the only bullish investments for cryptocurrency; a number of analysts are expecting the entire crypto market to reach record highs in the coming months.

By 2022, many cryptocurrency investors and those with an optimistic outlook expect Bitcoin to reach 1 million dollars. Already, analysts such as PlanB and Peter Brandt have put 1 million dollars as a target for Bitcoin, cementing their trust in the cryptocurrency's long-term potential.

Bitcoin is a revolutionary asset that has already experienced astronomical growth and is likely to continue to break records and surprise investors in the future. Only time will tell if Loma's prediction will come true, but if history has taught us anything, it's that Bitcoin could deliver another surprise rally that could revolutionize the financial market yet again.



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