Analyst Michael van de Poppe predicts a big rally for one altcoin, which surged more than 66% in less than a month, amid weakness in the broader cryptocurrency market.
Van de Poppe has told his 642,800 Twitter followers that he expects a strong recovery in peer-to-peer payment network Litecoin (LTC) after the altcoin recently hit a monthly high of $84.73.
Analysts say Litecoin has decent support levels at $71 and $65 and LTC may rally en route to his target of $96, 35% to 47% below Bitcoin suggesting a possible rise between (Bitcoin) hard fork.
I am patiently waiting for the Litecoin opportunity.
Looking at Bitcoin itself, van de Poppe says he sees some bullish scenarios for Bitcoin.
We want a bull with a $17,200 recovery triggering a long to $18,100.
At the time of writing, Bitcoin is trading at $17,072.
For Ethereum (ETH), van de Poppe forecasts a correction to the $1,200 level before major smart contract platforms ignite a rally toward his initial target of $1,334. .
It would be great if we could get this opportunity with ETH.
As of this writing, Ethereum has switched hands at $1,271, a slight drop for the day.
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