In today’s episode of NewsBTC’s daily technical analysis videos we are examining Litecoin after a 10% intraday move to see if it will turn into a broader crypto market rally. Take a look at the video below: VIDEO: Litecoin Price Analysis (LTCUSD): November 2, 2022 Litecoin has been an altcoin that once regularly led the start of new crypto market bull runs. We are looking to find out if LTC will once again lead the way. Related Reading: Bitcoin And The Dollar Reach Inverse Inflection Points | BTCUSD November 1, 2022 Weekly LTCUSD Chart Shows Tightest Bollinger Bands In Five Years On daily timeframes (shown only in the video), Litecoin is outside of the upper Bollinger Bands, above the Ichimoku cloud, has tagged the Parabolic SAR, and given buy signal on the SuperTrend. LTCUSD daily also took out the 50– day and 100-day moving average and is flirting with the 200-day moving average. Weekly technical indicators also support a larger bullish move. Litecoin has reclaimed the middle-Bollinger Band and then the Tenkan-sen on the Ichimoku. How tight the Bollinger Bands are are especially notable, as they are the tightest in over five years, and the tightest since the last time Litecoin vastly outperformed Bitcoin. The Bollinger Bands are the tightest in five years | Source: LTCUSD on TradingView.com Related Reading: Trick Or Treat For Bitcoin On Halloween Night? | BTCUSD Analysis October 31, 2022 Litecoin B...
