Litecoin has woken up
Litecoin has woken up

Litecoin has woken up

By Marco Cavicchioli - 5 Dec 2022

Chevron down

According to John Bollinger, Bitcoin and Ethereum have gone to sleep, while Litecoin has woken up. 

He is referring to the recent market price performance of BTC, ETH and LTC. 

Bitcoin (BTC)

The price of BTC has been fluctuating between $16,000 and $17,000 for almost a month now with short, small excursions above and below these thresholds. 

It had previously lateralized for nearly four months between $19,000 and $24,000, after falling in less than two months from $39,000 to $19,000

Moreover, back in June it had already touched a low of $17,500, which is just above the current range. 

In other words, it has not shown any signs of awakening since May, and from June onward it has done nothing but lateralize with the only exception being the collapse to $15,500 in the first decade of November. 

Ethereum (ETH)

The price of ETH in some ways is following that of BTC, despite the September Merge

It has been hovering between $1,000 and $1,300 for almost a month now, whereas previously it had been sideways for several months between $1,000 and $2,000. 

In early May it was at $3,000, so after an initial sharp drop that brought the price below $2,000 it triggered a long period of lateralization that has been ongoing for almost seven months now. 

Litecoin (LTC)

LTC, which now ranks thirteenth among the largest market capitalization cryptocurrencies, has instead seemed to actually wake up since October. 

In May and June it had followed in the footsteps of BTC and ETH, falling from $1,200 to $65, then falling again in June to an annual low of $43

Then, like BTC and ETH, it began to lateralize between $45 and $65, but that lateralization stopped in late October.

In fact, as early as early November it had broken through the $65 ceiling, and then, after a drop due to the FTX fiasco that briefly brought it back to $50, it returned first to $60 and then even above $65. 

The latest small bull run occurred in late November, when the price jumped from $62 to $81 in a single day between the 22nd and 23rd of the month. 

In the last few hours it has made a new small spike that took it from $77 to $83. 

So although it has not yet recovered the levels prior to the implosion of the Terra/Luna ecosystem in May, it has already recovered all subsequent losses, as the current price is higher than it was on 10 May. 

However, Bollinger gave no explanation for this phenomenon. 

The halving of Litecoin

There is a possibility that it may have something to do with next year’s halving

In fact, while Bitcoin’s next halving will be in 2024, Litecoin’s will be in 2023. Litecoin, like Bitcoin, is still based on Proof-of-Work, and every four years or so it halves the reward for miners. 

LTC’s current price is still a long way from the $410 all-time high touched last year in May, and it usually follows Bitcoin’s trend. However, the fact that it will experience a halving of the reward for miners in 2023 could temporarily generate a departure from that trend. 


John Bollinger is a legitimate celebrity in the trading world. 

In fact, he is the creator of the famous Bollinger bands, registered as a trademark in the US in 2011. 

Bollinger was born in 1950, so he is now 72 years old, but he is still very active in the markets. 

His Bollinger bands are a type of statistical price and volatility chart using a method formulated as far back as the 1980s. 

Such charts are still used today as a component of technical analysis, or even to control automated trading systems. 

As early as October 13, Bollinger speculated that the price of Litecoin was about to rise. 

Moreover, he has been following the price trend of LTC for a long time, so much so that in early 2021 he reported that he had been following it for at least three years already. 

He recently said that he believes it is possible that the price of LTC will reach a short-term high, speculating that he will buy to sell as soon as it has risen. 

Indeed, his analysis is that of a trader, not a long-term investor. His goal is to buy low and sell high as quickly as possible to take advantage of short-term cycles. So his words should not be understood as suggestions for investors hoping for positive performance over the medium to long term, but only as ideas for people who trade. 

After all, the past two previous halving events of Litecoin did not spawn major bull runs, so it is by no means certain that the current increases will continue until the next halving. Moreover, they may also be due to other reasons, so there is indeed a risk that they may be short-lived. 

Moreover, Bollinger does not suggest buying LTC to hold, but rather only to take advantage of the momentary period of growth, selling as soon as the opportunity for a solid gain arises.

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded and the Facebook group" Bitcoin Italia (open and without scam) ".

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.