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Saturday, January 22, 2022

Litecoin and One Beneath-the-Radar Altcoin Might Be Carving Out Bottoms, Says Crypto Analyst Michaël van de Poppe

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Fashionable crypto strategist and dealer Michaël van de Poppe is two altcoins that he says are probably flashing reversal alerts.

In a brand new technique session, Van de Poppe tells his 149,000 YouTube subscribers that Litecoin may very well be forming a bullish higher-low setup in opposition to Bitcoin (LTC/BTC) at 0.0033 BTC or $190.38.

“Even Litecoin could be an excellent one at this level as we’re searching for for the next low to be happening. And once we return in historical past and we create such the next low, it’s an argument to start out operating.

And again in historical past, we additionally know that within the first quarter of the yr, Litecoin does rather well.”

Van de Poppe highlights that Litecoin tends to ignite rallies firstly of the yr as seen in Q1 of 2015 and the primary quarters of 2017 to 2020.

One other coin on the dealer’s checklist is Cosmos, a challenge dubbed as “the web of blockchains.” In response to Van de Poppe, Cosmos could also be on the finish of its corrective transfer in opposition to Bitcoin (ATOM/BTC) because it finds help at 0.00041 BTC ($23.65).

“It has seen a good looking transfer. At present correcting closely. We could be correcting slightly bit extra however after such a heavy correction, because it has been doing right here, the Bitcoin pair reveals a interval the place we may very well be beginning to have a reversal.

And as you realize, December is usually a good looking interval for altcoins.”


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Featured Picture: Shutterstock/A G Baxter/Vladimir Sazonov

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