Accurate analyst ‘DonAlt’, who predicted a major crypto rally in 2023, has now published his technical analysis for 3 altcoins that are preparing to make a move. Forecasts based on historical data show that we are close to a trend change.
DonAlt updates short-term expectations for these 3 altcoins
cryptocoin.com We have included the analyst’s accurate predictions in this article. In his current analysis, he says that Ethereum appears to be bullish on the weekly chart. According to the analyst, the current structure of Ethereum seems to reflect the market structure at the end of 2020, where ETH saw modest gains of around $300 before sparking a bull market. According to their analysis:
Ethereum’s weekly chart is rising very, very slowly. It costs $1,760. It also held $1,680 as the top of the consolidation. He is walking upwards. It is rising slowly. I actually like it because when it goes sideways, if you look to the left of the weekly chart in October and September of 2020, when it starts to slowly walk to the right, you usually get good trends from it…
If Ethereum breaks $1,500…
DonAlt thinks that if ETH price breaks below $1,500, it will set the ideal ground for new position opportunities. But this can also lead to more pressure in the short term:
I think if $1,500 is broken we will have big trouble for ETH which makes investment opportunities pretty good. However, if this level is broken, we also have big problems. Until that happens, we assume that ETH will slowly rise until it explodes.
Altcoin analyst expects 40% rally in Ethereum price
According to DonAlt, Ethereum could go up to $2,500. Meanwhile, Ethereum was trading in the $1,800 region, where it has moved sideways in the past 24 hours. A move towards the analyst’s target points to a 40.92% upside potential for ETH.
Litecoin (LTC) analytics
The crypto analyst, who then looked at Litecoin (LTC), says that LTC is bullish and poised to break through an important psychological resistance of $100:
You look at the weekly chart of Litecoin/USD, it looks very, very good. It looks unbelievably good… To me, it looks really powerful. He did a very deep retest. It’s made a huge leap from that, and I think it’s going to go over $100 eventually.
Litecoin was trading at $92.44 at the time of writing. In the last 24 hours and weekly scale, it has moved below 1%. DonAlt thinks LTC price could appreciate around 10% in the short term.
XRP analysis
As for XRP, DonAlt says it’s still bullish on the sixth-largest crypto by market cap, but expects a drop in the short term. “Looks like I sold the pico top, looking to re-buy around $0.47,” he said in part of the video.
XRP is trading at $0.5154 at the time of writing. DonAlt says he will make additional purchases if the price returns to $0.47 again.
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