It’s been revealed that there is a new rally that awaits Solana these days. Check out the latest reports about the price of the digital asset below.
Solana price analysis
It’s been just reported that there is a closely followed crypto trader who says a rally is in store for Solana (SOL). He also updates his outlook on Litecoin (LTC).
Pseudonymous crypto analyst Altcoin Sherpa said not too long ago that the Ethereum (ETH) rival could see more than a 50% rally if its current support holds steady. It should hold steady at several critical exponential moving averages (EMAs) on the four-hour time frame, as the online publication, the Daily Hodl notes.
“I think it’s at a key level on the 4h (four hour time frame), would really like to see this area hold given the EMAs. $30 is the next area up if we fail. I’m still of the opinion we’ll see high $40s though in the coming weeks.”
At the time of writing, Solana is switching hands at $31.61.
Litecoin price analysis is here
Altcoin Sherpa also addressed the price of Litecoin, which is up 11% in the last 24 hours. He said that $67 was a potential price target.
“I don’t know why this s**tcoin is pumping. I’d be wary of the incoming levels if they get there, $67 is the 200-day EMA and it’s unlikely this is a sustained pump. Not going to trade this one yet.”
At the moment of writing this article, LTC is trading in the red, and the coin is priced at $61,65.
New predicitons about the overall crypto market
An analyst from Bloomberg is addressing the prices of Bitcoin and Ethereum. Here’s what he has to say about the most important coins in the crypto market.
Bloomberg Intelligence’s senior commodity strategist Mike McGlone seems to be bullish on the top two largest coins by market cap. Check out our previous article to learn more details.