Michaël van de Poppe, a popular crypto strategist and trader among the crypto community, is tracking two altcoins he believes show potential reversal signals.
In a new strategy session, Van de Poppe told his 149,000 YouTube subscribers that Litecoin could create a bullish higher low setup at $186.87 at 0.0033 BTC in Bitcoin (LTC/BTC).
“Even Litecoin could be great at this point as we want a new high low to happen. And when we go back a little bit in history and create such a new high bottom, it’s proof that it’s going to start running.
We also know from history that Litecoin performed exceptionally well in the first quarter of the year.”
Van de Poppe, Litecoin; He emphasizes that it tends to ignite rallies at the beginning of the year, as seen in the first quarter of 2015 and the first quarter of 2017-2020.
Another cryptocurrency on Trader’s list is a project called the “internet of blockchains”. Cosmos (ATOM). According to Van de Poppe, Cosmos may have come to the end of its corrective move in the Bitcoin (ATOM/BTC) parity as it finds support at 0.00041 BTC ($23.21).
“He witnessed a beautiful movement. It is currently undergoing heavy correction. We may have some more corrections, but after such a serious correction as before here, the Bitcoin pair seems to be in a period of a reversal on the horizon.
And as you know, December is usually a great time for altcoins.”
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.