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Popular crypto traders plan what a handful of altcoins, including XRP and Cosmos (ATOM), have in store as the digital asset market witnesses another sell-off event.
Michael van de Poppe has told his 627,100 Twitter followers that the 7th largest cryptocurrency is currently trading at price levels that favor XRP bulls.
If the market goes down, we will go long to $0.335.
As of this writing, XRP is trading at $0.333, down 7% for the day.
Cosmos is next. It is a blockchain ecosystem designed for scaling and interoperability. Van de Poppe identified $13.30 as ATOM’s first support region, followed by $11.22 and $9.69.
At the time of writing, ATOM is trading at $13.97, devaluing about 10% in the last 24 hours.
Another altcoin that traders are eyeing is Litecoin (LTC), a peer-to-peer payment network. Despite the latest corrections across the cryptocurrency market, Van de Poppe says Litecoin still looks poised to bounce back against Bitcoin (LTC/BTC).
It seems to get the continuation of the old coin. [0.0028 BTC] hold LTC,let’s go.
At the time of writing, this pair equates to $58.58 at 0.0029 BTC.
The final coin on Van de Poppe’s list is smart contract platform Tezos (XTZ). Van de Poppe said XTZ should maintain support at his $1.44 and maintain bullish momentum to rally to his target of $2.85.
As of this writing, XTZ is trading at $1.53, down nearly 7% on the final day.
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