Popular crypto trader Michaël Van De Poppe said that XRP and 3 other altcoins are poised for a “big breakout.” Michaël van de Poppe said investors should watch for some altcoins that are ready for a “big breakout” to the upside as the bull market continues. Details cryptocoin.com‘in.
Expected move for XRP
Van De Poppe, who uses the username Crypto Michael on YouTube and has 142,000 subscribers, said investors should watch the four altcoins. The first of these is Litecoin. The analyst stated that Litecoin is actually showing a “nice exit” as the crypto market enters the second phase of its bull cycle: “There is currently an upward momentum in Litecoin, where we have made higher lows, higher peaks. “We are also watching a very important resistance zone, where we will get a corrective idea very soon,” he said. The analyst said that he wants to enter Litecoin at around 3500 sat (satoshi). Litecoin is up 7.2% in the last 24 hours and is trading at $267.04 at the time of writing.
2. Stellar. The second altcoin the analyst is watching is XLM, which failed to break through a critical resistance zone and is currently consolidating below the resistance point. He wants to see the altcoin exit above the 650 sat level. Stellar rose 3.3% in the last 24 hours to $0.3998.
3. Ontology: The analyst noted that Ontology is facing a crucial resistance at the $1.1538-1.3273 level, which it has yet to break: “If this breaks down, we might be getting a 45% run in Ontology,” he said. Ontology rose 0.5% in the 24-hour period to $1.15 at press time.
4. XRP: The analyst noted that the actual breakout for XRP should still be above $1.31: “If this happens, we can use the Fibonacci extension to get the next target point and then I’m looking to retest this entire block around $1.75,” he said. . XRP has dropped 1.9% in the last 24 hours to $1.24.
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