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A high-profile crypto trader says a rally is ahead for Solana (SOL) and also updates his outlook on Litecoin (LTC) and FTX Token (FTT).
Pseudonymous Crypto Analyst Altcoin Sherpa To tell His 186,200 Twitter followers are up more than 50% if Ethereum (ETH) rivals stabilize current support at several key exponential moving averages (EMAs) on the 4-hour timeframe. I think it is possible to see
I think we are at a critical level at 4h (4 hour timeframe). Given the EMA, I really hope this area holds. If it fails, the next area is $30. I still think it will be in the high $40s in the next few weeks.”
As of this writing, Solana is switching for $31.27.
Altcoin Sherpa next has its sights on Litecoin, which has risen 11% over the past 24 hours.he To tell He is embarrassed by the rally and does not believe LTC will jump any further, but cites $67 as a potential price target.
“I don’t know why this s**tcoin is going up. $67 is the 200-day EMA and this is unlikely to be a sustained move up. We are not going to trade this yet.”
At the time of writing, Litecoin is trading at $60.31.
Altcoin Sherpa revisit Native token of virtual currency exchanges FTX and FTT. He expects it to rise to his $28, about 12% from the current price.
“I think this will actually end up at $28, but I wouldn’t buy it at the current price point. I haven’t seen this chart in a while, but it makes sense for FTX to pump this. increase.”
At the time of writing, FTT is trading at $25.64.
a crypto analyst weight A potential drop to the mid-$19,000 levels for Bitcoin (BTC) could be a great entry point for the bulls, he said.
It’s scary to be in an active position right now. In my opinion you’d better lower your bid. It has an interesting confluence with the EMAS (exponential moving average) of .Many alts have exited for now.I still believe it will be $23,000 in the medium term for its value.”
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