It’s just been revealed that there are new predicitons out for some of the most important digital assets. Bitcoin, Ethereum, and Litecoin. Check out the following reports below.
BTC, ETH and LTC
A crypto analyst who re-entered the market in November maps out the path forward for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Starting with Bitcoin, pseudonymous trader DonAlt said recently that the upside target for the flagship cryptocurrency is $34,000 while the downside target is $19,000.
“You have a lot of upside. I think the upside on the monthly is basically if you don’t want to be too greedy, is $34,000. And the downside is basically a close below $20,000, which could be anywhere from $18,000 to like $17,000, something thereabouts.”
According to DonAlt, if Bitcoin closes several times below $20,700, it would invalidate his bullish thesis.
“The danger zone, this is where if you get any like too many closes in this area, I think it starts getting dangerous as well. It’s between $20,700 and $19,300. Anything in this area gets me a little bit nervous right because it invalidates or like it kind of takes away from my view.”
According to DonAlt, ETH/BTC reaching highs of around 0.12 BTC last hit in 2018 could mark the end of the current or the next crypto rally.
“In general, I think ETH/BTC is going to go higher, it’s just a question of when…ETH/BTC is headed for basically at least these highs – so 0.12 BTC. That’s very close to the flipping. And I think that’s pretty likely. I think that’s going to end this rally or the next one depending on when it does happen.”
He also addressed Litecoin:
“If it [Litecoin] breaks the $100 barrier, just go for like $130, $140 that would be quite nice. Like push up here [$130-$140], collapse back to $100 and then go for the real run. I’d be down for it. It has the narrative too, because we’re heading into Litecoin halving.”