Carefully adopted dealer and analyst Michaël van de Poppe is unveiling his bull market goal for Litecoin (LTC) whereas mapping out potential performs for 2 low-cap altcoins.
In a brand new technique session, Van de Poppe tells his 142,000 YouTube subscribers that peer-to-peer funds community Litecoin can doubtlessly ignite a 286% rally earlier than the present market cycle involves an in depth.
“Once we’re getting enlargement occurring within the subsequent bull cycle of Litecoin, we may very well be seeing the Fibonacci extension going down right here as soon as once more.
After which the 1.618 [level] is $600, and the second will most likely chase towards $1,000. So sure, I’m very bullish on these older altcoins, particularly given the construction that they’re giving us.”
At time of writing, Litecoin is buying and selling at $260.
Van de Poppe can also be taking a look at OMG Community (OMG), an enterprise resolution for safe and quick transfers on Ethereum. Based on the crypto strategist, OMG Network can launch a 108% rally in opposition to Bitcoin (OMG/BTC) so long as it holds assist at 0.00024 BTC ($16.10).
He tells his 477,900 Twitter followers,
“Essential assist is the inexperienced zone, that ought to maintain. If that holds, we would see continuation in direction of the higher degree within the purple zone (1.618 Fibonacci extension).”
One other coin on the dealer’s radar is hybrid blockchain platform ICON (ICX).
Van de Poppe says ICON is gearing up for a 65% rally in opposition to Bitcoin (ICX/BTC) because the pair appears to be like able to surge to its speedy resistance at 0.000053 BTC ($3.55).
“Effectively, I imply, fascinating for ICX.”
At time of writing, OMG is priced at $16.14, and ICON is buying and selling for $2.13.
Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in online marketing.
Featured Picture: Shutterstock/solarseven/pikepicture/Vladimir Sazonov