The LTC 100x signal is repeated. Tenfold growth?

Litecoin price has dropped back below $100 and is in a tight trading range. The lack of noticeable volatility in the LTCUSD market in recent weeks is reminiscent of late 2016 and early 2017 - right before the epic 100x rally.

With the signal coming back, does that mean there's another big move ahead?

Return of the "100X" signal for Litecoin

Past performance never guarantees future results, but technical analysis looks for various signals and historical patterns to increase the likelihood of success. However, it is safe to say that after a long period of low volatility, it ends with an explosive breakout into a state of high volatility. Combine this behavior with the more volatile class of cryptocurrencies and you have a recipe for some serious moves.

The lowest volatility ever seen in Litecoin culminated in an explosive 100x rally. In less than a year, LTCUSD has risen from $3 to over $300.

Now this signal is back again and it could lead to a huge move in Litecoin. But that doesn't necessarily mean growth. Why low volatility ends in a sharp move.

The "100X" signal in LTCUSD we are talking about is the 9-day Bollinger Bands and Bollinger Bands width. The bands are an auxiliary tool for measuring volatility and are set based on a simple moving average and two bands set at two standard deviations. They widen when volatility is high and contract when volatility is low. A low volatility condition called a squeeze always ends with a big move and a return to staggering volatility. However, volatility is only a measure of price dispersion over a period of time. This means the big move, when it finally happens, could be down. However, several other technical indicators support price growth in the future, so upside is also an option. What is not an option is continuing to be in a low volatility state for an extended period of time, so get ready, it's about to get interesting.

Additionally, the width of Bollinger Bands has been decreasing with smaller peaks for six years now. Breaking the downtrend could lead to the biggest move in 5 years