Home Crypto News Veteran Dealer John Bollinger Says Litecoin’s Bullish Momentum Has Fizzled Away

Veteran Dealer John Bollinger Says Litecoin’s Bullish Momentum Has Fizzled Away

by Cryptoroz

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Alex Dovbnya
Litecoin’s bullish momentum has possible fizzled out. Veteran dealer John Bollinger explains why
Veteran dealer John Bollinger claims that Litecoin’s bullish momentum has fizzled out in a current tweet.

BTC
Picture by tradingview.com

As reported by U.At the moment, Bollinger famous that the favored altcoin was forming a Bollinger squeeze on its weekly chart. The cryptocurrency had been buying and selling in a decent vary for roughly half a 12 months.

The Bollinger band squeeze normally takes place after a protracted interval of anemic value motion.

Nevertheless, Bollinger now explains that there was a chronic setup, which is normally not a great signal.


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In a follow-up tweet, the legendary dealer means that Litecoin did not stage a comeback as a consequence of dropping any relevance.

When requested why he picked the O.G. altcoin, Bollinger stated that buying and selling LTC “simply labored for him.”

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