Both experienced traders and experts are drawn to Litecoin (LTC). Declaring it “about time for LTC to wake up,” John Bollinger, the author of the well-known Bollinger Bands, recently hinted to an upcoming change for LTC. As Bollinger examined Litecoin’s monthly chart using his own method, this enigmatic signal laid the ground for a possible price rise. Related Reading: Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target Focusing on the narrowing of the Bollinger Bands—a main signal of low market volatility— Bollinger’s study implies Litecoin could be about to undergo a notable price movement. His guidance on changing the logarithmic scale for a more exact data interpretation emphasizes the complex character of crypto research. Given that the lower Bollinger Band is almost zero, the stage is prepared for a possible breakout as historically such circumstances usually precede significant price changes. Squeezy, squeezy. About time for LTC to wake up. — John Bollinger (@bbands) July 22, 2024 Snapshot Of The Current Markets With a market capitalisation of $5.35 billion and a current trading price of $73.27 Lite ..
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