Litecoin’s bullish momentum has possible fizzled out. Veteran dealer John Bollinger explains why
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.
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.”