Litecoin (LTC) has been experiencing a significant decrease in volatility, with a crypto analyst highlighting an unusual tightening in its bi-monthly (2M) Bollinger Bands (BB). According to an analyst, Litecoin’s current technical setup points to strong potential for a parabolic breakout, with the $130 price mark emerging as a critical resistance zone.

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Narrow Bollinger Bands To Trigger Litecoin Breakout

Prominent crypto analyst Tony Severino shared a price chart on X (formerly Twitter) showing Litecoin’s price action on a bi-monthly time frame, applying Bollinger Bands as a technical indicator to measure a cryptocurrency’s price volatility. The Bollinger Bands examine market volatility by plotting an upper and lower band around a Moving Average (MA), which acts as a basis line. 

In Litecoin’s case, Severino has indicated that the cryptocurrency’s 2M Bollinger Band width is extremely narrow, underscoring a lack of or significantly decreased volatility. Historically, Bollinger Bands are known to expand during periods of high volatility and tighten at low volatility. 

Severino’s Litecoin chart displays the upper Bollinger Band marked by the red line, the basis line by a blue line, and the lower band highlighted in the green area. The analyst disclosed that Litecoin’s candlesticks are currently positioned above the basis line at $83.3, indicating potential for bullish momentum. 

If the price of Litecoin continues upwards and crosses the upper Bollinger band at approximately  $130, Severino predicts that it could trigger heightened volatility and an explosive price breakout. Based on historical trends, an extremely narrow Bollinger Band often indicates a potential for a bullish trend reversal after a period of consolidation.

Severino’s analysis has pinpointed the upper BB at $130 as a crucial resistance area for Litecoin. A sustained break above this level on a high timeframe could pave the way for more gains, potentially pushing Litecoin significantly above its current market value of around $111.5.

According to CoinMarketCap, Litecoin has recorded modest gains, increasing by 6.14% in the past 24 hours. Over the past week, the prominent cryptocurrency has also experienced a higher increase of about 11.7% to its current level. To reach the critical resistance area at $130, Litecoin is required to rise by approximately 18% from its market price.

Litecoin Rally Predicted, Targets 38% Upside

According to crypto analyst Mike on X, Litecoin is preparing for a significant breakout to a new price high. He forecasts that the cryptocurrency will record a 38% price rally from the breakout point at $106 to reach a fresh bullish target of $146.67. 

Looking at the analyst’s price chart, Litecoin appears to have broken the $102 resistance level and is approaching its next significant resistance at $122.77. The chart also highlights horizontal lines indicating critical resistance areas for Litecoin. 

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Mike has pinpointed a key support zone at $99.91 that could act as a safety net for Litecoin during a downtrend. Should Litecoin face a significant price drop below this support, the analyst points to the $86.97 and $74.43 price levels as the next potential support areas. 

Featured image from Pexels, chart from TradingView

In a recent interview with FOX Business, Fred Thiel, CEO of Bitcoin (BTC) mining firm MARA Holdings, advocated an “invest and forget” strategy for retail investors looking to gain exposure to the world’s leading digital currency.

Thiel Cites Positive Historical Performance Of Bitcoin

BTC continues to trade within the mid-$90,000 range after a recent pullback from its all-time high (ATH) of $108,135. While crypto analysts keep a close eye on the flagship cryptocurrency’s price movements, major BTC holders appear less concerned about short-term fluctuations.

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Citing Bitcoin’s historical performance, Thiel advised retail investors to adopt a long-term approach. He noted that Bitcoin has closed the year at a lower price only three times in its 14-year history, including during the peak of the COVID-19 pandemic. Thiel stated:

My recommendation, to my kids, for example, is they put just a little bit away every month in Bitcoin and forget about it. Over two, three, four years, it grows, and that’s what people do.

Thiel also emphasized BTC’s consistent growth, highlighting that it has appreciated annually by an average of 29% to 50%. However, BTC remains a high-risk asset, and risk-averse investors may shy away until the asset class achieves broader acceptance or gains official recognition from a major global economy.

For instance, the establishment of a US strategic Bitcoin reserve could solidify the cryptocurrency’s legitimacy as an asset and potentially spark a domino effect, encouraging other nations to follow suit. Thiel described such a reserve as a key catalyst for driving Bitcoin’s price to new highs in 2025.

Additionally, Thiel pointed to high institutional involvement through Bitcoin exchange-traded funds (ETFs) and favorable digital asset regulations under the Trump administration as other factors that could support BTC’s growth this year.

Although Thiel’s advice was aimed at retail investors, recent data suggests that many are already planning to increase their Bitcoin holdings. According to a poll conducted by MicroStrategy CEO Michael Saylor, over 75% of 65,164 respondents intend to end 2025 with more BTC than they started with.

The poll reflects growing enthusiasm among retail investors, buoyed by bullish developments in 2024 such as ETF approvals, the Bitcoin halving, and Trump’s election victory in November.

More Companies Adding BTC To Balance Sheet

Bitcoin adoption among corporations continues to grow. While MARA Holdings already holds BTC on its balance sheet, rival crypto mining company Hut 8 recently expanded its holdings to more than 10,000 BTC.

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Other firms, such as Japan-based Metaplanet and Canada’s Rumble, joined the Bitcoin movement in 2024. Additionally, Bitcoin ETFs have accumulated over 1 million BTC in under a year since their launch.

However, skepticism remains. Japan’s Prime Minister recently expressed caution about the idea of establishing a strategic Bitcoin reserve, reflecting lingering doubts in some quarters. At press time, BTC trades at $97,229, up 0.7% in the past 24 hours.

Featured image from Unsplash, Chart from TradingView.com

Tema may garner attention on social media with over 2.7 million TikTok fans tuning in to watch the beloved raccoon, but as a meme coin, it’s trending for the wrong reasons.

Tema (TEMA), at last check Sunday, was down about 24% and trading at $0.04046. It currently has a market cap of $40.5 million, a circulating supply of more than 999.9 million and a 24-hour trading volume of around $7.87 million.

The meme coin — launched on the Solana blockchain — is inspired by a raccoon named Tema, which has over 2.7 million followers on TikTok.

AI Companions rallies

AI Companions (AIC) is a cryptocurrency token that powers a platform offering customizable, interactive virtual partners.

These companions utilize AI, virtual reality, augmented reality, and blockchain technologies to provide immersive digital companionship experiences.

Its current price is approximately $0.1139 per AIC with a market capitalization of around $84 million.

• Circulating Supply: 750 million AIC tokens, with a maximum supply of 1 billion tokens.
• Recent Performance: The token has experienced significant price fluctuations, with a notable increase of over 52% in the last 24 hours.
• Monetization Strategies: AI Companions employs various monetization methods, including free access with limited features, staking AIC tokens, and subscription models.

AIC tokens are available for trading on several centralized exchanges, including Gate.io, MEXC, and BingX, with the AIC/USDT pair being the most active.