$LTC might experience more volatility in the near future
that Litecoin, one of the oldest cryptocurrencies, has been trading in a tight range for almost six months.The"silver to Bitcoin's gold" has now formed a squeeze on the weekly chart, according to Bollinger. Such periods of anemic price action are typically followed by periods of extreme volatility. A significant price plunge may start after the price of a certain asset breaks below the lower Bollinger band.
While Bollinger thinks that the price structure into the squeeze is important, the price action coming out of the squeeze will define it.Litecoin remains in 23rd place by market capitalization. One of the oldest altcoins is currently valued at $3.9 billion. It is currently trading at $55 on the
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