The cryptocurrency market is struggling to find direction. After the leading crypto Bitcoin passed $ 20 thousand during the day, gold fell again below $ 19 thousand. Most altcoin projects followed suit. In the midst of such a volatile market, an analyst with a large following shared his predictions for 4 altcoins.
The ultimate buy zone for leading altcoin competitor Cardano
cryptocoin.comAs you can follow, the market is quite volatile. Even though it calms down for a moment and the sun seems to shine, then dark clouds come. In this environment, legendary crypto analyst Michaël van de Poppe shared his latest predictions to his followers. The analyst says that the leading altcoin is in an accumulation phase as Ethereum rival Cardano (ADA) continues to trade above the key support level. Van de Poppe makes the following statement for the altcoin:
The final area to buy on ADA is the region of $0.30-$0.375. But will we see it running ahead and people already saving up? In this case, breaking the bear trend would be your long trigger.
At press time, ADA was trading at $0.4394, down 1.45% on a daily basis, according to data from CoinMarketCap.
The next altcoin is Avalanche (AVAX)
The analyst then moves on to another Ethereum rival altcoin, Avalanche (AVAX). Van de Poppe evaluates AVAX to Bitcoin parity (AVAX/BTC). According to the analyst, the pair needs to trade above 0.00092 BTC ($17.91) to recover towards its target. Van de Poppe notes for AVAX:
If we want to see a continuation in the markets here, I would like to see AVAX held at 0.00092 BTC, preferably to create a higher bottom. If this happens, we will most likely trigger long-term trades. Then we will run towards 0.001 BTC ($19.46).
At press time, the AVAX/BTC pair stands at 0.0009 BTC ($17.52).
Another crypto on the radar is Cosmos (ATOM)
Another altcoin that the analyst has on his radar is Cosmos (ATOM). Cosmos is a blockchain ecosystem designed to scale and communicate with each other. Van de Poppe says ATOM has shown ‘a ton of power’. He is also waiting for the cryptocurrency to fire its next leg. In this context, the analyst shares the following predictions:
Longs need to be activated now at $13. For the short term, I’d like to see it hold at $13.85, preferably for support. Then I guess we will go above $16 and from there we will head towards the top.
At press time, ATOM was trading at $13.37, down 4.89% on a daily basis.
Last in line is Litecoin (LTC)
At the end of the legendary analyst’s list is Litecoin (LTC), an ancient altcoin. Van de Poppe also analyzes LTC against Bitcoin parity (LTC/BTC). According to the analyst, LTC/BTC is likely to start a new rally as long as it trades above 0.00266 BTC ($51.77). Van de Poppe drops the following records for LTC:
LTC is still following the path. If BTC stays calm in the coming days, we are likely to see a continuation towards 0.0034 BTC ($66.18) as long is activated.
At press time, the LTC/BTC pair is trading at 0.00276 BTC ($53.72).
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