A widely followed crypto analyst and trader; It maps key levels at which Dogecoin (DOGE), Cosmos (ATOM) and Loopring (LRC) can form a local base. cryptocoin.com We share the details as…
Altcoin Sherpa shares Dogecoin, Cosmos and Loopring expectations
Crypto strategist Altcoin Sherpa told his 148,200 Twitter followers that he expects the meme coin Dogecoin to continue to correct against Bitcoin (DOGE/BTC). He said that he thinks DOGE could decline to 0.00000330 BTC ($0.20). At the time of writing, the DOGE/BTC pair is trading at 0.00000396 BTC worth $0.24
The next altcoin on the trader’s radar is Cosmos, a project touted as the “internet of blockchains.” Altcoin Sherpa said it saw Cosmos correcting into the entry zone around 0.0004 BTC ($24.25) against Bitcoin (ATOM/BTC). “ATOM: I’m still pretty neutral on this one,” the analyst said, adding, “I think it will go down a bit more with the BTC pair and then (at best) break for the USD pair.”
Next up is Loopring (LRC), a blockchain that enables anyone to develop a decentralized exchange. According to altcoin Sherpa, LRC wants to scale at $2.48 and $2.07. Saying that he feels comfortable with the LRC, the analyst states that he made slightly lower predictions at the “0.382 and 0.50 Fibonacci levels”.
Finally, as for the biggest crypto, Bitcoin, the crypto strategist says that although he is still optimistic about the leading crypto asset, a convincing move below $60,000 could precipitate a major selling event.
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