80% May Come: Analyst Expects Explosion In This Altcoin

Bitcoin (BTC) The crypto strategist, who accurately predicted the 2018 bear market bottom for 2018, has updated his forecasts for the two altcoins.

The analyst, known by the alias Smart Contracter, told his 215,100 Twitter followers that the peer-to-peer payment network Litecoin (LTC) broke the bullish continuation pattern on the four-hour chart. told.

“It broke the clean four-hour bull flag (rising flag-bull flag) in LTC.”

Litecoin price analysis chart

At the time of writing, LTC is trading above the analyst’s diagonal resistance at $79.33.

The other altcoin decentralized finance (DeFi) protocol that the analyst is following is Aave (AAVE). According to the crypto analyst, AAVE looks set for an 80% rally after completing an ABC pattern on the daily chart.

“I think it will take about two months to get there and I’m not sure yet if this will be a bear market rally. However, I think it looks good here and I would be happy to hold the asset for a few months.”

AAVE price analysis

Koinfinans.com As we reported, the crypto analyst is a popular practitioner of Elliott Wave theory, which predicts future price action by following crowd psychology, which tends to manifest in waves. According to the theory, an asset tends to start a new uptrend after completing a corrective move in the form of ABC.

Smart Contracter, who also examines the leading crypto Bitcoin, says that it closely follows the bullish scenario of BTC.

“Price action literally does that…”

Bitcoin price analysis chart

According to the chart above, the analyst seems to predict that the leading crypto BTC will rally towards $17,841.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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