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    Pre-100X Litecoin Signal Returns After Six-Year Slump

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    Litecoin price is now back under $100, locked within an ever tightening trading range. The lack of notorious cryptocurrency market volatility in LTCUSD in recent weeks is reminiscent of late 2016 and early 2017 — right before an epic 100x rally.

    With the signal back, does this mean that another sizable surge is ahead?

    A Pre-100x Litecoin Signal Is Back

    Past performance is never a guarantee of future results, but technical analysis seeks out various signals and historical patterns in hopes of increasing the probability of success.

    What can be guaranteed, however, is that after a long period of low volatility, it ends with a bang and a breakout back into a highly volatile state. Combine this behavior with the more volatile crypto asset class, and you’ve got a recipe for some serious moves.

    So large in fact, that the lowest volatility that Litecoin ever reached, concluded with a breakout into a 100x rally. In less than a year’s time, LTCUSD grew from $3 to over $300.

    Now that signal is back again, and it could once again lead to a huge move in Litecoin. But it doesn’t necessarily mean up.

    Pre-100X Litecoin Signal Returns After Six-Year Slump

    It’s been a long time since bulls had a turn |  LTCUSD on TradingView.com

    Why Low Volatility Ends With A Bang

    The pre-100x signal in LTCUSD we are talking about is the 9-day Bollinger Bands, and Bollinger Band Width. The Bollinger Bands are the second-tightest in Litecoin history.

    The Bollinger Bands are a volatility-measuring tool using a simple moving average and two bands set at two standard deviations. They expand with high volatility and contract with low volatility. A low volatility state, called a squeeze, always ends with a significant move and turn to shocking volatility. But volatility is only the measure of price dispersion over a time period.

    This means a that the large move, when it finally arrives, could be down. However, several other technicals support price appreciation in the future so up is also an option. What isn’t an option, is remaining in this low volatility state for much longer, so buckle up, it’s about to get interesting soon enough.

    Furthermore, Bollinger Band Width has been contracting with lower highs for six full years. If the downtrend pattern breaks, the largest movement in half a decade might arrive.

    Source: NewsBTC.com

    The post Pre-100X Litecoin Signal Returns After Six-Year Slump appeared first on Crypto Breaking News.

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