The crypto strategist, who predicted the 2018 bear market bottom of Bitcoin (BTC), says that the leading cryptocurrency and leading altcoin Ethereum (ETH) is gearing up for rallies. Also, the analyst is more hopeful than an altcoin project.
Analyst expects 10% increase from Bitcoin
The analyst, nicknamed Smart Contracter, shared his forecasts with his 215,000 Twitter followers in the light of the latest developments in the market. The analyst says he expects Bitcoin to rally to $17,841 after falling to its downside target of $16,200. In this context, the analyst uses the following statements:
I love it when things go as planned.
At press time, Bitcoin is changing hands at $16,443. It means that if BTC hits Smart Contracter’s target, there is a potential for upside around 10%.
“Buy these drops in ETH!”
Smart Contracter then looks at the leading smart contract platform Ethereum. The analyst predicts a close to 16% rise for ETH after completing a corrective move. In this regard, the analyst makes the following statement:
ETH corrected last week’s five-wave rally, giving us a nice clear ABC wave. Buy these drops. I think it will go to high levels in about a week or two.
Smart Contracter is a popular practitioner of Elliott Wave theory, an advanced approach to technical analysis that predicts future price action by following crowd psychology, which tends to manifest in waves. According to the theory, an asset typically goes on a price rally after completing an ABC wave.
Looking at the analyst’s chart, he seems to be waiting for ETH to recover towards its $1,350 target. At press time, ETH is trading at $1,215, up 3.92% on a daily basis.
This cryptocurrency looks attractive!
The crypto strategist is also closely watching the peer-to-peer payment network Litecoin (LTC), which he says has broken its diagonal resistance on lower timeframes. The analyst says the following for crypto money.
LTC looks attractive on the lower timeframes here.
At press time, Litecoin was trading at $76.95, gaining 4.76% on a daily basis.
Smart Contracter’s previous accurate cryptocurrency predictions
The analyst has made a name for himself in the cryptocurrency market with some successful predictions over the past years. cryptocoin.comSmart Contracter, whose analysis we gave in . In addition, the analyst accurately predicted that BTC will make a bull run towards the end of 2020. In addition, the Leading cryptocurrency claimed that Bitcoin will break $23,000 in 2021. Meanwhile, he made successful predictions for the leading altcoin Ethereum. He predicted Ethereum’s drop to $1,600 in March last year. He also predicted the withdrawal of ETH in September 2021.
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