Advertisement
AD

Main navigation

Veteran Trader John Bollinger Says Litecoin's Bullish Momentum Has Fizzled Away

Advertisement
Tue, 18/10/2022 - 20:39
Veteran Trader John Bollinger Says Litecoin's Bullish Momentum Has Fizzled Away
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Veteran trader John Bollinger claims that Litecoin’s bullish momentum has fizzled out in a recent tweet.

Advertisement
BTC
Image by tradingview.com

As reported by U.Today, Bollinger noted that the popular altcoin was forming a Bollinger squeeze on its weekly chart. The cryptocurrency had been trading in a tight range for roughly half a year.

The Bollinger band squeeze usually takes place after a long period of anemic price action.

However, Bollinger now explains that there was a prolonged setup, which is usually not a good sign.

In a follow-up tweet, the legendary trader suggests that Litecoin failed to stage a comeback due to losing any relevance.

When asked why he picked the O.G. altcoin, Bollinger said that trading LTC “just worked for him.”

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD