A crypto strategist closely followed by the crypto community, Bitcoin (BTC), XRP and a popular altcoinHe said that he believes that despite the market turbulence experienced over the weekend, it will maintain its upward momentum.
Bitcoin (BTC)
Using the nickname Credible, the trader told his 320,200 Twitter followers that he expects Bitcoin to pull back to the $42,000 level before continuing its uptrend.
“With this last weekly close, we have taken back a significant level. The last four times we have closed above or below this level on the higher timeframe, we have moved to the opposite end of the range for several weeks. I expect the same thing this time around: a retest of the $40,000 low followed by a continuation of the uptrend. BTC.”
Looking at Credible’s chart, the crypto strategist predicts that once this brief pullback is over, Bitcoin will rally above $50,000.
XRP
Another altcoin on the trader’s list is XRP, which has not fallen off the agenda with the SEC’s lawsuit against the platform and its managers. The analyst says that the eighth largest cryptocurrency is a bullish one. higher low After creating the setup, he said he was prepared for a rally above $1.
“It’s taking a little longer than expected, but it’s still on the way. Higher low reached and climbing. We may see some lower time frame volatility, but I think we hold our higher low and continue up from there. XRP.”
Judging by the chart of Credible, the analyst predicts that XRP will rise to $1.01 and then $1.50.
Litecoin (LTC)
The latest cryptocurrency on Credible’s radar is an altcoin built for payments. Litecoin (LTC). According to Credible, Litecoin’s chart is a low-value altcoin that has exploded over 600 percent in a short time. Zilliqa(ZIL) market structure.
“ZIL has increased nearly 6x in two weeks and LTC seems to be preparing similarly from a technical point of view… The next step from here will be a lot of fun.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.