Litecoin 2M Bollinger Band Width Hits New Lows, CMT-Certified Analyst Reveals What It Means

Certified market analyst Tony Severino has revealed that the Litecoin 2M Bollinger band width has hit new ￰0￱ explained what this means and how it provides a bullish outlook for the altcoin. Litecoin’s 2M Bollinger Band Hits New Record Lows In an X post, Severino stated that the Litecoin 2M Bollinger Band Width has continued to set new record lows, representing the tightest volatility in LTCUSD ￰1￱ expert further revealed that the 2M candle closed as a Hammer above the Bollinger Band basis despite the wick to the ￰2￱ Reading: Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again He explained that this gives the technical picture a bullish bias for ￰3￱ analyst added that a close above $120 at the end of 2025 would trigger a buy signal for ￰4￱ a fundamentals angle, LTC just got its first spot ETF in the U.

S., which provides a bullish outlook for the altcoin. However, it is worth noting that the ETF is currently lagging behind the Solana and Hedera ETFs in terms of inflows. Meanwhile, Severino had also painted a bullish picture for Litecoin, drawing comparisons between the LTC and ZCash ￰5￱ suggested that LTC could witness a similar parabolic rally to ZEC’s, which has recorded a 10x rally from its low of around $40. This was around the time when the analyst revealed that LTC was at the |final boss resistance” based on the monthly ￰6￱ analyst Hal also recently provided a bullish outlook for Litecoin, predicting a 300x rally.

However, the analyst stated that a drop to around $30 was likely before LTC’s parabolic ￰7￱ urged investors to take advantage of such a dip, as they could enjoy massive gains when LTC breaks out to the upside after this long period of consolidation. 99% Chance Of A Rally Above $300 Crypto analyst XForce stated that Litecoin has a 99% chance of rallying above $300 as it is now approaching nine years of ￰8￱ accompanying chart showed that LTC could reach $345 on this projected uptrend, which is expected to happen sometime next year. Meanwhile, a drop below $39 could invalidate this ￰9￱ Reading: Analyst Reveals How Litecoin Can Turn $3,700 Into $1 Million For Investors Meanwhile, crypto analyst Bitcoinsensus stated that Litecoin is gearing up for its biggest macro ￰10￱ on the technicals, the analyst remarked that LTC could rally to between $1,000 and $2,000 in this market ￰11￱ noted that the altcoin has already seen six years of sideways consolidation, suggesting that it was well primed for this projected parabolic rally to the ￰12￱ analyst’s accompanying chart showed that LTC could reach these targets next ￰13￱ the time of writing, the Litecoin price is trading at around $94, down over 5% in the last 24 hours, according to data from ￰14￱ image from iStock, chart from ￰15￱