For John Bollinger, the legendary trader responsible for the development of Bollinger bands, the performance of Litecoin (LTC) has been mainly in low gear compared to Bitcoin (BTC). He holds the opinion that Litecoin is under-performing in comparison to Bitcoin, and used technical analysis to support his opinion. Specifically, a 2 bar reversal at the lower band of the Bollinger Bands typically indicates a potential upward price movement following a decline. Despite the 63% decline in Litecoin against Bitcoin since last November, Litecoin has still maintained its spot within the top 20. Over the past 24 hours, Litecoin has experienced a 2.96% increase, which is part of the broader trend of recovery in the cryptocurrency market.



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