Crypto Analyst Breaks Down Bitcoin (BTC), Fantom (FTM), Litecoin (LTC) and Altcoin Markets
A widely-regarded crypto analyst analyzes Bitcoin (BTC) and altcoins after a week of sideways price action for crypto.
Crypto trader Michaël van de Poppe tells his 659,500 Twitter followers that BTC is now moving into a “potential long trigger scenario.”
“Well, we got the nod for bitcoin.”
Source: Michael van de Poppe/Twitter
At the time of writing, BTC is worth $30,038, down 1.6% over the past 24 hours and down 0.6% over the past seven days.
Looking at Ethereum (ETH) competitor and smart contract platform Fantom (FTM), Van de Poppe says FTM is poised for an uptrend.
“This one seems primed for a continuation to the upside.
Plenty of stops on short positions are poised to be taken, so a hold above $0.30 could result in a continuation towards $0.40.”
Source: Michael van de Poppe/Twitter
FTM is trading at $0.293 at the time of writing, down 2.5% over the past 24 hours.
Van de Poppe also takes a look at Litecoin (LTC), which he thinks could potentially be poised for a two-fold gain similar to Bitcoin Cash’s (BCH) recent gains as LTC moves closer to its much-anticipated halving event.
“Chaotic chart, but Litecoin appears poised for the pre-halving rally and to follow BCH in a potential double.
I’ve mentioned it a few times but it looks really good.”
Source: Michael van de Poppe/Twitter
LTC is worth $96.94 at the time of writing, up 14% over the past 24 hours.
Even though altcoins are generally in the red right now, Van de Poppe assures his followers that the next three to five years will be huge for cryptocurrencies.
“The thing is, people literally never believe in an asset when it’s down as much as altcoins are right now.
If you look at the overall cryptocurrency landscape, the next three to five years will be huge.
Accelerate adoption.”
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