Litecoin 2M Bollinger Band Width Hits New Low, CMT Certified Analyst Reveals What It Means.
Certified Market Analyst Tony Severino Litecoin 2M Bollinger Bandwidth Hits New Low. He explained what this means and how it provides a bullish outlook for altcoins.
Litecoin’s 2M Bollinger Bands Breaks New Record
to X postSeverino said the Litecoin 2M Bollinger Band Width continued to hit new lows, representing the tightest volatility in LTCUSD history. The expert further stated that the 2M candle was hammered above. Bollinger Band Basic despite its shortcomings.
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He explained that this gives a technical picture. Bullish bias against Litecoin. The analyst added that a break above $120 by the end of 2025 would trigger a buy signal for LTC. From a fundamentals perspective, LTC has secured the first spot ETF in the US, which provides a bullish outlook for altcoins. However, it’s worth noting that ETFs are currently lagging. Solana and Hedera ETFs In terms of inflow.
meantime, Severino also painted. A bullish picture of Litecoin, comparison between LTC and LTC ZCash Chart. This suggested that LTC could witness a parabolic rally similar to ZEC, which saw a 10x rally from its low of around $40. Based on the monthly SuperTrend, this was when analysts stated that LTC was |at final boss resistance.
cryptocurrency analyst Hal also recently provided one. Bullish outlook for Litecoin, predicting a 300x rise. However, analysts say LTC is likely to fall to around $30 before a parabolic rally occurs. He urged investors to take advantage of such downturns as they stand to enjoy huge profits when LTC gains momentum after a long period of consolidation.
99% chance of rising above $300
cryptocurrency analyst Specified by XForce Litecoin has a 99% chance of rebounding above $300 as the price is currently approaching. 9 years of accumulation. According to his accompanying chart, LTC could reach $345 in this expected uptrend, which is expected sometime next year. Meanwhile, a drop below $39 could invalidate this prediction.
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Meanwhile, cryptocurrency analysts Bitcoinsensus said: Litecoin is gearing up for its biggest macro move. Based on technical aspects, the analyst noted that LTC could rise to between $1,000 and $2,000 in this session. market cycle. Bitcoinsensus notes that the altcoin has already seen six years of sideways consolidation, suggesting it is well-prepared for the expected parabolic rally. The analyst’s attached chart showed that LTC could achieve these goals next year.
At the time of writing, Litecoin price is said to be trading around $94, down more than 5% in the last 24 hours. data From CoinMarketCap.
Featured image from iStock, chart from Tradingview.com
