Litecoin (LTC) Set To ‘Wake Up’, According To Legendary Trader’s Forecast

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,303,757,978,110	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,303,757,978,110

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	666.95	1.01%	66,589.76	66,589.42	66,593.87

Price Change

Price Change %

Current Price

Bid Price

Offer

666.95

1.01%

66,589.76

66,589.42

66,593.87

High Price	Low Price	Open Price	Prev. Close	52 Week Range
67,131.17	65,473.00	65,948.93	65,922.81	24,900.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

67,131.17

65,473.00

65,948.93

65,922.81

24,900.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	18:29:27	0.015168	66,588.82	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

18:29:27

0.015168

66,588.82

USD

Price x Volume	Volume	Base Symbol	Related Pairs
420,605,599.76	6,343.21	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

420,605,599.76

6,343.21

Litecoin (LTC) Set To ‘Wake Up’, According To Legendary Trader’s Forecast

24/07/2024 3:30pm

NEWSBTC

Both experienced traders and experts are drawn to Litecoin (LTC). Declaring it “about time for LTC to wake up,” John Bollinger, the author of the well-known Bollinger Bands, recently hinted to an upcoming change for LTC. As Bollinger examined Litecoin’s monthly chart using his own method, this enigmatic signal laid the ground for a possible price rise. Related Reading: Cosmos (ATOM) Set For 50% Rally After Recent Plunge, Analyst Eyes $12 Target Focusing on the narrowing of the Bollinger Bands—a main signal of low market volatility— Bollinger’s study implies Litecoin could be about to undergo a notable price movement. His guidance on changing the logarithmic scale for a more exact data interpretation emphasizes the complex character of crypto research. Given that the lower Bollinger Band is almost zero, the stage is prepared for a possible breakout as historically such circumstances usually precede significant price changes. Squeezy, squeezy. About time for LTC to wake up. — John Bollinger (@bbands) July 22, 2024 Snapshot Of The Current Markets With a market capitalisation of $5.35 billion and a current trading price of $73.27 Litecoin ranks as the 21st biggest cryptocurrency by market valuation. Litecoin’s past shows a consistent performance, despite its recent slow down. Often referred to as the “silver” to Bitcoin’s “gold,” the cryptocurrency had already peaked on May 10, 2021 at $414. Litecoin’s price has been much below its high in the current market environment, which offers investors a possible purchase chance. With short-term and long-term estimates showing significant increase, CoinCheckup’s newest study and forecast point to a positive picture. Technical data and Bollinger’s professional analysis support this hope by implying that the altcoin could be about ready to climb from its present plateau. Litecoin Price Forecast Looking ahead, Litecoin has a quite bright future. LTC is expected to climb 11.73% over the next three months, according to CoinCheckup; this might create conditions for a more spectacular surge of 211.52% during the following six months. With an expected increase of 143% during the next year, the long-term projection is even more hopeful. This projection highlights the possibility for large returns, therefore presenting Litecoin as a good investment choice for anyone ready to negotiate the erratic bitcoin market. Litecoin could possibly be about to enter a new phase of expansion based on technical signs pointing to an impending spike and professional opinions supporting the prognosis. Related Reading: Chainlink Inches Closer To $18 Despite Bearish Pressure – Analyst Investors should approach with care and do extensive study as usual before deciding what to invest in. The market for cryptocurrencies is notorious for its volatility, hence even if Litecoin seems to have bright future potential, it is advisable to remain knowledgeable and strategic in any kind of investing strategy. Featured image from Inc. Magazine, chart from TradingView

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