Litecoin

Bitcoin

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<p>John Bollinger, the renowned trader behind the Bollinger Bands trading tool, has recently <a href="https://twitter.com/bbands/status/1729656802965389341" rel="noopener noreferrer nofollow">voiced</a> his concerns regarding Litecoin's performance in comparison to its more prominent counterpart, Bitcoin.&nbsp;</p>
<p>Bollinger's analysis comes as the crypto market shows signs of recovery, with Litecoin itself seeing a notable uptick in the last 24 hours.</p>
<h2 id="is-a-price-reversal-on-the-horizon">Is a price reversal on the horizon? &nbsp;</h2>
<p>In technical analysis, a "2 bar reversal" is a pattern that indicates a possible change in trend.&nbsp;</p>
<p>According to Bollinger's analysis, <a href="https://u.today/litecoin-ltc-hits-massive-milestone-surpassing-btc" rel="noopener noreferrer nofollow">Litecoin</a> has exhibited this pattern at the lower end of the Bollinger Bands—a technical indicator developed by Bollinger himself, which measures market volatility and price levels.&nbsp;</p><a href="https://twitter.com/bbands/status/1729656802965389341" rel="noopener noreferrer nofollow"><img data-entity-uuid="b0776e72-afc0-4503-9f98-208983fe4a85" data-entity-type="file" src="https://u.today/sites/default/files/inline-images/26000j0lw37.png" alt="Image by bbands"></a>
<p>Specifically, a 2 bar reversal at the lower band typically suggests a potential upward price movement after a decline. This pattern on the Litecoin chart may signal a short-term reversal from bearish to bullish sentiment, offering a glimmer of hope to Litecoin investors.</p>
<h2 id="a-modest-rally">A modest rally&nbsp;</h2>
<p>It is worth noting that Litecoin is down a whopping 63% against Bitcoin since last November, which makes it &nbsp;</p>
<p>Yet, the O.G. altcoin remains within the top 20. Litecoin has experienced a 2.96% increase over the past 24 hours.&nbsp;</p>
<p>This gain, though modest, is part of a broader trend of recovery within the cryptocurrency market.&nbsp;</p>
<p>Litecoin's rise is concurrent with Bitcoin's reclaiming of the $38,000 mark after a small rally that was promoted by &nbsp;&nbsp;</p>

Legendary Trader John Bollinger Claims Litecoin (LTC) Is Falling Short Compared to Bitcoin (BTC)

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