There are new important crypto predictions out, and you can check them below. XRP and Litecoin outlook is updated by a crypto analyst.
XRP and LTC predictions are out
A closely followed crypto strategist addressed new predicitons about XRP and Litecoin (LTC). He is also warning Ethereum holders that ETH could witness another major sell-off event.
In a new strategy session, the pseudonymous analyst DonAlt said that Ethereum is trading in a tight range between $1,120 and $1,200.
According to the crypto strategist, the narrow trading range is the last level of support before Ethereum sees significant new lows.
“You would actually want to see buying step in quite aggressively… I would like to see a V-bottom out of this one. So far, we haven’t gotten it. That has me a little bit nervous…”
He continued and said this:
“Right now, [ETH] is on the edge. It’s in between support and resistance… If it starts breaking down, you’re going to see massive losses.”
DonAlt says that XRP, on the other hand, can potentially rally if it manages to take out a key resistance level.
“So basically at $0.38 to $0.40, that’s all weekly resistance. If we close below that, I’d probably just sell my XRP… If we close above it, that would also be a range breakout, not as a nice one as Litecoin, but the cool thing here is that it has already broken this range once. So if you break it again, especially given the first break was so significant, you’d expect it to just outperform massively.”
DonAlt also addressed new price prediction about Litecoin (LTC), which is up nearly 27% in the last seven days. DonAlt says he is bullish on Litecoin after LTC broke through a multi-month range.
“The $80 area is an interesting one. It is resistance. I think it’s basically resistance for the people that think that this is a false breakout.”