- A popular analyst closely followed by the crypto community has noted what awaits a handful of altcoins, including XRP and Cosmos (ATOM), as the digital asset markets witness another panic selling event, noting that some altcoins will see positive price movements.
Litecoin (LTC)
Another altcoin on the investor’s radar, the peer-to-peer payment network Litecoin (LTC). Van de Poppe believes Litecoin is still ready to start a rally against Bitcoin (LTC/BTC), despite the latest correction in the crypto markets.
“It looks like we’re going to witness a continuation of legacy coins. LTC, [0.0028 BTC]As long as he stays in , our path will be quite clear.”
At the time of writing, the pair sits at 0.0029 BTC ($58.58).
Tezos (XTZ)
Koinfinans.com As we previously reported, the next altcoin on Van de Poppe’s list is the smart contract platform. Tezos (XTZ). Van de Poppe said he believes XTZ has a chance to maintain its bullish momentum for it to hit its $2.85 target almost 100 percent, and for that, it needs to hold the support at $1.44.
At the time of writing, XTZ is trading at $1.53, down about 7 percent from last day.
XRP
Michaël van de Poppe told his 627,100 Twitter followers that XRP, the seventh-largest crypto asset, is currently trading at a price level that is pretty affordable for the altcoin’s bulls.
“If the market falls back, I will be looking at $0.335 for long-term trades.”
At the time of writing, XRP is changing hands at $0.333, down 7% in the past 24 hours.
Cosmos (ATOM)
Last on the analyst’s list cryptocurrency Its unit is a blockchain ecosystem designed to scale and be interoperable. Cosmos (ATOM) exists. Van de Poppe identifies $13.30, followed by $11.22 and then $9.69 as the initial support zone for ATOM.
Following the bearish trend that has gripped the crypto market, ATOM is changing hands for $13.97 at the time of writing, down nearly 10 percent in the last 24 hours.
You can follow the current price action here.
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.