A popular crypto trader thinks Litecoin (LTC), Cosmos (ATOM) and the Sandbox (SAND) are all gearing up for moves to the upside. Check out the latest price prediciotns below.
New crypto predictions are out
A well-known analyst who goes by the pseudonym Rekt Capital has informed his significant following of 347,200 Twitter users that Litecoin, a peer-to-peer payments network, is gearing up for a new phase of pricing.
The expert trader suggests that Litecoin might be on the verge of a surge that could push its value as high as $110.
“LTC has successfully retested the blue bull flag top which has enabled a return into the red-red range. LTC returning into the red-red range means that it could soon follow the remainder of the red path.”
At the moment of writing, Litecoin is valued at $87.25. This cryptocurrency takes the 12th spot in the market capitalization ranking and has experienced a 1.29% decrease in the last 24 hours.
Rekt Capital expresses a positive outlook on Cosmos, a group of blockchains developed to improve scalability and interconnectivity. The trader predicts that ATOM could potentially increase by more than 20% from its current value.
“The upside continues and ATOM continues to position itself for a favorable monthly close which could set price up for a revisit of the $11 area over time.”
ATOM is trading at $9.16 at time of writing. The 26th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours.
Additionally, the trader predicts the metaverse-focused altcoin The Sandbox could surge all the way up to the $0.638 range.
“SAND was able reclaim black support and rally +14%
In doing so, SAND could revisit the blue highs over time.”
In other crypto-related news, Belgium’s Financial Services and Markets Authority ordered Binance to cease all offers of virtual currency services in the country — immediately.
“The FSMA has noted that Binance is offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area,” the regulator said in a statement on Friday.
“The FSMA has therefore ordered Binance to cease, with immediate effect, offering or providing any and all such services in Belgium,” the regulator added.
