John Bollinger Spots Squeeze on Litecoin Chart

John Bollinger Spots Squeeze on Litecoin Chart



Alex Dovbnya

Veteran trader John Bollinger believes that one of oldest altcoins is approaching “squeeze territory”

Veteran trader John Bollinger has noted that Litecoin, one of the oldest cryptocurrencies, has been trading in a tight range for almost six months.

BTC
Image by tradingview.com

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…


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