The crypto space has been looking great these days, with the most important coins trading in the green. Now, it’s been revealed that there are some altcoins that are getting ready to embrace new strong rallies.
XRP and Litecoin
Important crypto strategist and trader Michaël van de Poppe analyzes XRP, Litecoin, and two other altcoins that he says are close to waking up.
In a new strategy session, he said that XRP is poised to rally and print a new all-time high.
“When you look at the USDT values of XRP, you can actually derive Fibonacci extension to make the next target zone. So when we do that by Fibonacci retracement, and we do it like this, we get $2.85 and $4.30 as the next target zones for XRP in the next impulse wave.”
He continued and said the following:
“If we do it from the previous cycle, we can also say that we’ve hit the 2.618 [Fibonacci zone]. So most likely, in the next run up, XRP will go to $4.30.”
Check out what the analyst said about Litecoin as well:
“So I’m assuming anywhere in this range [0.003 BTC, or $150 at time of writing] we’re going to have the bottoming for Litecoin, after which we break back up, have some consolidation, then we start running.”
Stellar and Tezos
The same crypto analyst said that XLM could likely print a bullish higher low setup at $0.31 before skyrocketing to its 52-week high of $0.79.
Regarding Tezos, the analyst believes that the pair XTZ/BTC gets ready to form a bottom structure and is now getting ready for a 68% rally from its current price of 0.000077 BTC, or $3.86.
“We are making a beautiful rounded bottom. That is Peter Brandt, his thing. But we are making a rounded bottom here, in which we got a squeeze, and the chances of this one breaking out heavily towards the resistance zone that we have around [0.00013 BTC, or $6.52] is massive.”
Stay tuned for more news from the crypto space.