A widely followed crypto analyst is predicting an uptick for a handful of altcoins, including leading smart contract platform Ethereum (ETH) and one of its main competitors.
Crypto strategist Michael van de Poppe To tell His 643,000 Twitter followers expect the second-largest crypto asset by market capitalization to test the $1,450 price level relatively soon.
Good response on Ethereum. I was waiting for some comfort in this area. [are] facing resistance. If the price continues to hold low, we expect it to test the area around $1,450. “
Ethereum is trading at $1,275 at the time of writing, up 2% on the day.
Turning to the Layer 1 protocol Avalanche (AVAX), van de Poppe had planned to take a long position when the cryptocurrency was hovering around $13, but decided to invest in another digital asset. said to have chosen.
he now To tell He expects AVAX to test the $16-17 range if it can break out of the $13.75-$14.50 range.
I was looking long around $13 on AVAX. increase.”
AVAX is worth $13.50 at the time of writing.
Van de Poppe Conclusion In his analysis of Litecoin (LTC), an alternative to Bitcoin (BTC), the price of the asset will likely be affected by the upcoming Federal Reserve and other factors such as the Consumer Price Index (CPI) and Producer Price Index (PPI). said it would depend on several factors, including inflation indicators in .
Analysts say a rally is likely if LTC flips $76.
“I’m patiently waiting for entry at $71 or $65, but I doubt we’ll get it (it probably depends on the Federal Open Market Commission, CPI, PPI). All in all, I think these scenarios We are considering a continuation on the lower timeframe; a $76 reversal is a potential trigger.
LTC is trading at $75.56 at the time of writing.
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