Bitcoin (BTC) and in cryptocurrencies While investors are wondering whether the rise will be permanent while trading with a premium of over 5% on the second day of the week, analysts continue to examine the charts of Bitcoin and altcoins and share their thoughts.
The last comment in this context is the inventor of Bollinger bands. John BollingerIt came from
Legendary analyst John Bollinger is popular altcoin Litecoin (LTC) studied the graph.
Stating that Litecoin has been trading in a narrow range for almost five months, Bollinger said that there is a contraction/tightening in the weekly chart of LTC.
“Litecoin has been trading in a tight trading range and narrow range for five months. You can now see a squeeze on the weekly chart. I will talk about these issues at the Litecoin summit on October 21-22.”
Emphasizing the importance of tightening in price movements, Bollinger thinks that the most important point is the price movements of LTC after tightening.
According to Bollinger, post-tightening movements will determine which direction LTC moves.
The legendary analyst thinks Litecoin may experience high volatility and price drop in price movements.
Because after the price of a cryptocurrency falls below the Bollinger band, it may experience a significant price drop.
Ranked 23rd by market value Litecoin It has increased by 6.90% in the last week.
LTCtrading at $ 54.86 at the time of writing.
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