Cryptocurrency analysts, who can make some predictions, announced two altcoin projects that they expect to rise. Among the rise expectations are large numbers such as a 32-fold increase. Here are the details…
Analyst is bullish for popular altcoin Litecoin
A closely followed crypto analyst says that the end-to-end payments network Litecoin (LTC) continues to show a bullish trend despite the sideways price action over the past few weeks. In a new video update, alias crypto trader DonAlt says Litecoin may be gearing up for its next leg against Bitcoin (LTC/BTC). It indicates that Litecoin has made a strong upward move and continues somewhat sideways. However, he points out that behind this horizontal view, there is actually a bullish trend. The analyst uses the following statements:
Litecoin has made a strong move up, there is some sideways movement. Another strong move to the upside and two red weeks, which to be honest are very small compared to the up move. At a glance, you can see that it basically goes sideways. If you lift the left side this looks like typical bull market behavior, you have big up moves here, then up again [doğru] there are shallow retreats before they expand.
Litecoin has a “shallow pullback”
Currently, the LTC/BTC pair is changing hands for 0.004375 BTC ($74.06), up about 155 percent from the 2022 low of 0.001716 BTC ($29.05) at the time of writing. The strategist goes on to say that Litecoin shows relative strength compared to other crypto assets. However, he says he expects the altcoin to trade sideways for at least another week or two before it starts to rise again. The analyst uses the following statements:
Obviously, when something really powerful happens for five or six weeks, there’s a time when it goes wrong. At best, there are also times when things get crazy, you basically double down and then pull back 30 percent. But in this case, there is a very very shallow retracement in the Bitcoin pair, so I’m not really interested in that. I’m not really worried about speed either. If you take the next move, I would wait for it to go sideways for another week or two before making the next move. So I’m not really worried, to be honest.
Credible Crypto drew attention to this altcoin project
On the other hand, anonymous crypto analyst CredibleCrypto says the native token CRV on decentralized finance (DeFi) platform Curve DAO has the potential to explode in the next bull market. The expert even suggests that this coin “probably will rally more than 3,000 percent.” Credible set its initial price target at $1 to confirm the rally. Then the first resistance set the price level between $2-3.
The analyst states that CRV deserves a market value of between $13 and $14 billion. He says this will also set a price of about $20. Such a price increase would push the CRV to gain roughly 3.178 percent from its current price of $0.61.
Despite being severely inundated with my spot CRV assets, my confidence has not been shaken one bit. I still think CRV will be one of the best performers in the final stages of this cycle.
Credible also did Bitcoin analysis
Credible also focuses on Bitcoin (BTC). He says that despite traders showing a bearish trend, expecting a long period of consolidation, BTC’s presence will hit a record in 2023. In the near term, it points to the possibility of seeing the $16,300 to $16,500 levels before surging. The analyst uses the following statements:
Are there any major accounts other than me expecting new all-time highs (ATH) in 2023? The consensus I see is that we need more than six months of consolidation at these lows before the post-halving starts to rise again for a new ATH in 2024/2025.
Analysts’ previous forecasts
The cryptocurrency analysts we have covered in this article are actually famous for their many predictions. For example, CredibleCrypto said that XRP will drop to $0.168 in 2018. However, he also predicted that it would then rise above $0.20. In March of 2020, Credible Crypto correctly predicted that after a correction, the XRP price would make a big rally. On the other hand, the analyst also predicted that in June of 2021, Bitcoin will rise above $ 50,000 before correcting. On November 8, when Bitcoin broke above $67,000, the analyst predicted that BTC would decline.
If DonAlt cryptocoin.com As we have also reported, in the past years, Bitcoin has come to the fore with its prediction. He knew the $ 6,100 seen in March of 2020. He also correctly predicted that Bitcoin would rise 44 percent at the beginning of January. On February 12, it marked the peak where BTC rose above $10,300.
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