A broadly adopted crypto analyst is breaking down Bitcoin (BTC), Litecoin (LTC), Fantom (FTM) and one little-known altcoin that mixes synthetic intelligence (AI) and blockchain applied sciences.
Crypto dealer Michaël van de Poppe tells his 643,500 Twitter followers that BTC is “trending down” after two harsh rejections.
“Nonetheless trending down.
– Harsh rejection at $16,800.
– Harsh rejection at $16,600.
Seems to be we’re testing the block round $16,400 once more for Bitcoin.
If that sweeps and reclaims, US must bounce up.
In any other case -> $16,200.”
BTC is buying and selling for $16,625 at time of writing.
Litecoin, Van de Poppe says the payments-focused crypto is approaching a value zone that may be excellent for potential lengthy trades.
“Litecoin obtained there sooner than I anticipated it to get there.
Lengthy areas approaching.”
Litecoin is presently going for $66.90.
The dealer additionally analyzes layer-1 blockchain Fantom, naming two essential value ranges for FTM.
“Let’s see whether or not pattern can swap on FTM.
Essential resistance to interrupt; $0.2025.
Essential assist to carry; $0.1990.”
FTM is presently valued at $0.202.
Lastly, the analyst turns his consideration to Fetch.ai (FET), calling the machine-learning blockchain “a robust one” on Tuesday.
“Shared this one earlier right here, did make that bearish retest, however didn’t go as deep as I needed to get the fill.
Ran away, and probably will proceed working if markets stay secure.
FET is a robust one.”
Re-visiting FET, Van de Poppe says the AI-driven blockchain has lastly “hit the extent.”
“Finished deal, hit the extent and robust bounce up on FET.”
FET is buying and selling for $0.096 at time of writing.
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