Popular cryptocurrency strategist and trader Michaël van de Poppe examines two altcoin projects that he says are potentially giving flashing reversal signals. This time, Litecoin (LTC) and Cosmos (ATOM) are on the analyst’s radar. cryptocoin.com We share the details as…
The analyst made pleasing comments for the popular altcoin projects LTC and ATOM.
In a recent video, Van de Poppe told his 149,000 YouTube subscribers that Litecoin could form a “higher-low” formation against Bitcoin (LTC/BTC) at 0.0033 BTC or $190.38. Van de Poppe highlights that Litecoin tends to rally at the start of the year, as seen in the first quarter of 2015 and the first quarter of 2017-2020, using the following statements:
Even Litecoin could be great at this point as we want a higher drop to happen. When we look at the historical data and create such a higher low, an argument forms for us to start running. Also, looking at historical data, we also know that Litecoin did really well in the first quarter of the year.
Another cryptocurrency on the trader’s list is Cosmos, a project called the “internet of blockchains”. According to Van de Poppe, Cosmos may be at the end of its corrective move against Bitcoin (ATOM/BTC) as it finds support at 0.00041 BTC ($23.65). The trader makes the following statements:
He saw a good move. It is currently undergoing heavy correction. The decline may take a little longer, but after such a heavy correction as here, we see a period in which price movements may start to reverse in the Bitcoin pair. And as you know, December is usually a good time for altcoins.
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