A 2x Explosion Could Come In This Altcoin According To Crypto Analyst!

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A widely followed crypto analyst has updated his forecasts for Bitcoin (BTC) and altcoins after a relatively quiet week.

Crypto trader Michaël van de Poppe said that BTC is now heading towards a “potential scenario for a long position trigger.”

BTC is trading at $30,418 at the time of writing, down 0.6% in the last 24 hours and 1.53% in the last seven days.

Van de Poppe also examined Phantom (FTM), which is referred to as an Ethereum (ETH) competitor. Analyst says FTM is ready to rise says.

“This looks set to continue upwards. There are many stops for ready-to-buy shorts, it can hold above $0.30 and continue towards $0.40.”

FTM is trading at $0.3 at press time, up 0.5% in the last 24 hours.

Van de Poppe also evaluated its price to Litecoin (LTC). According to the analyst, as LTC approaches the highly anticipated halving, it may experience a 2-fold increase, similar to the recent gains of Bitcoin Cash (BCH).

“The chart is messy, but Litecoin looks set for a pre-halving rally and is following BCH at a potential 2x. I mentioned it a few times, but it looks really good.”

LTC is trading at $105.94 at the time of writing, up 25% in the last 24 hours.

While altcoins are generally on the decline right now, Van de Poppe reassures his followers that the next 3-5 years will be huge for crypto.

“The thing is, people never fully believe in an asset when altcoins are as low as they are now. If you look at the entire crypto landscape, the next 3-5 years will be huge. Adoption will accelerate.”

You can follow the current price action here.


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