Top Analyst Forecasts Big Bounce for One Red-Hot Altcoin, Updates Outlook on Bitcoin and Ethereum

Must read

Analyst Michaël van de Poppe is predicting a big rally for one altcoin that has surged over 66% in less than one month amid weakness in the broader crypto markets.

Van de Poppe tells his 642,800 Twitter followers that he’s looking for a solid bounce for peer-to-peer payments network Litecoin (LTC) after the altcoin recently posted its current monthly high of $84.73.

According to the analyst, Litecoin has decent support levels at $71 and $65 where LTC could rally en route to his target of $96, suggesting an upside potential of between 35% and 47% for the Bitcoin (BTC) hard fork.

“Patiently waiting for opportunities on Litecoin.”

Image
Source: Van de Poppe/Twitter

Looking at Bitcoin itself, Van de Poppe says he’s looking at a couple of bullish scenarios for BTC.

“Preferably the bullish one, in which a reclaim of $17,200 is a trigger for longs towards $18,100. Otherwise $16,200-16,500 and reclaim of $16,900 after a sweep.”

Image
Source: Van de Poppe/Twitter

At time of writing, Bitcoin is swapping hands for $17,072.

As for Ethereum (ETH), Van de Poppe predicts a correction toward the $1,200 level before the leading smart contract platform could ignite a rally toward his first target of $1,334.

“Would be great if we get this opportunity on ETH.” 

Image
Source: Van de Poppe/Twitter

At time of writing, Ethereum is switching hands for $1,271, a fractional dip on the day.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Salamahin/Stock Picture Store

More articles

Latest article