Crypto analysts who bought bitcoin (BTC) near last year’s lows have expressed bullish sentiment against the top 20 altcoins by market cap.
Pseudonymous Crypto Trader DonAlt To tell In a new video, his 47,500 YouTube subscribers say they are “extremely happy” that Litecoin (LTC) has reached $200.
According to DonAlt, Litecoin is rising linearly on the “great” weekly chart.
“[Litecoin/US dollar on the weekly timeframe] It looks just right now. I don’t really care if it’s below or above Bitcoin. This is just a great chart…
But it’s basically linearly rising, and so far we haven’t seen any problems. ”
Regarding the Litecoin/Ethereum (LTC/ETH) pair, a pseudonymous crypto trader says he expects Litecoin to outperform Ethereum in the short term.
According to DonAlt, Litecoin could experience a massive rally against Ethereum, converting LTC to ETH after the rally stalls.
“I have no intention of rotating Litecoin to ETH…
This is like against ETH and I think I can get more [Litecoin]So basically I want to see this one more [parabolic] Move from Litecoin to ETH and then rotate Litecoin to ETH. ”
Earlier this week, DonAlt Said His 461,200 Twitter followers say Litecoin could climb to $220 if it closes above $100.
Resistance, but I’m honestly shocked at how weak this rebound was, given how important this is.
Over $76, this looks great.
Underneath it starts to look dangerous.
A close above $100 will open the door to $130/$220. ”
Turning to Bitcoin, DonAlt says it is targeting $32,000 for its flagship crypto asset.
“For me, $32,000 is the goal. I’m not going to make a profit before $32,000 or before my thesis is invalid. And my thesis was right from the bottom up. It was right.” Well, I don’t like quick profits, so I’m going to hang on.”
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