Top crypto strategist predicts September rallies for Cardano, XRP, and three other altcoins
A popular crypto analyst believes September will be a good month for a handful of altcoins, including Cardano (ADA) and XRP.
Michaël van de Poppe tells his 624,800 Twitter followers that the much-anticipated update for Cardano could be the catalyst that propels ADA to levels not seen since February this year.
“Cardano is about to hard fork and has a nice retest of support that confirms a double bottom. Targets: $0.55 and $0.75.”
Source: Van de Poppe/Twitter
At the time of writing, ADA was changing hands for $0.50, up 2.40% over the past day.
Next is XRP, which Van de Poppe says is ripe for a breakout against Bitcoin (XRP/BTC).
“Drag between the 50-day moving average and the 200-day moving average. A break above 0.000017 BTC ($0.34) and a target at 0.000022 BTC ($0.44) seems likely.”
At the time of writing, the XRP/BTC pair is exchanging hands for 0.0000166 BTC ($0.33).
Another coin on the list of traders is the Smart Contract Protocol EOS (EOS). According to Van de Poppe, EOS is likely to revisit the support at $1.35 before it can start the next rise towards $2.
“Avoid chasing pumps, especially in these market conditions. Repeat exams always take place. There was a nice retest and now some more consolidation before likely another test at $2.”
At the time of writing, EOS is trading at $1.48, down almost 3% on the day.
Looking at peer-to-peer payments network Litecoin (LTC), Van de Poppe forecasts a slight pullback before the large-cap altcoin potentially triggers a 35% surge.
“Exceeded the 50-day moving average. Look for strength and continuation here by holding above $59. If so then $80 is next. Old coins look good.”
At the time of writing, LTC is valued at 60.68, up over 2% over the past 24 hours.
Last on the trader’s watch list is Cosmos (ATOM), an ecosystem of blockchains designed to scale and communicate with each other. Van de Poppe says he is bullish on ATOM while it trades above the key $11 support area.
“Very strong on the price action. Expect continuation here as well and above $13 expansion and acceleration seems likely. A crucial area to hold is around $11. If this continues, $17-$18 is next.”
Cosmos is currently trading at $12.96, up over 3% on the day.
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