Crypto Trader Predicts Over 60% Crash for One Ethereum-Based Altcoin, Unveils Outlook for Bitcoin and Cardano

A widely followed crypto trader has expressed bearish sentiment against one Ethereum-based altcoin while revealing his Bitcoin predictions (Bitcoin) and Cardano (ADA).

A pseudonymous crypto analyst known as Altcoin Sherpa To tell His 182,400 Twitter followers are Lido DAO’s native token (I will do it), the Decentralized Autonomous Organization (DAO) behind the Lido Ethereum staking protocol could drop about 64% from its current price.

“LDO: Can you hold this thing off until more destruction? Maybe $0.75? But there’s a bounce along the way.”

At the time of writing, LDO is trading at $2.07.

Altcoin Sherpa says the $19,000 price level is Bitcoin’s support zone and could provide a foundation for the flagship digital asset to start a “stronger rally.”

But analysts To tell Altcoins could fall about 10% if Bitcoin falls to $19,000 from current levels.

BTC: I still believe $19,000 (or thereabouts) should provide a stronger bounce. Altcoins will need another 10% haircut if this happens.

Bitcoin is trading at $20,260 at the time of writing.

Altcoin Sherpa Conclusion His analysis using smart contract platform Cardano (ADA). Cardano may fall further before rising, according to crypto traders.

ADA: I haven’t seen this chart in a while…is it possible that these charts are forming some kind of accumulation? There is a lot of volume trading in this area right now, but this is a medium-term Could it be a rough bottom (surging to $0.30 mid/low, then possibly rising)?

Cardano is trading at $0.448 at the time of writing, down 2.4% on the day.

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