Ethereum and Litecoin Set to Explode and Outperform Bitcoin!
These Altcoins are granting some great opportunities in the near future according to the prominent trader and analyst.
Micheal Van De Poppe is looking up to these two large-cap altcoins which can outperform Bitcoin in the upcoming bull cycle. The analyst is quite optimistic and sees fair potential in these two altcoins to explode in the near future. He says that they are granting some great opportunities in the near future.
In his new video, he sheds light on the Ethereum and bitcoin pair as they are set for massive growth and maybe ready to erupt.
According to him, Everything is perfect as long as Ethereum remains in the price range between 0.028 and 0.03. All will be good even if Ethereum falls to 0.0265. And, of all the altcoins, he feels that this is one of the few that seems to be the most attractive in this structure. It looks bullish in and of itself as long as it remains here. Through the mid-term he expects the price to surge by 40% from its current price to reach 0.044.
Van de Poppe says that the prevailing fear, uncertainty, and doubt (FUD) surrounding Ethereum “should guarantee a massive breakout once ETH 2.0 starts to roll.”
The next large-cap coin in which he sees potential is Litecoin which is attempting to bounce back after dropping to a multi-week low. Lately, the demand for Litecoin has been significantly weakened. While LTC/BTC is still in the center of a multi-year downtrend, he believes it is starting to show signs of life.
“I’m getting interested when I see such a huge amount of Litecoins being traded, which means to me that there is higher accumulation going on… You want to see a bounce up, people become FOMOish, people see Litecoin going strong, etc. Makes a slight move of 20%. Then you generally don’t want to chase the trade but once it flips this region (0.003) we can start having a trend like this again (move from 0.007 to 0.016).”
If Litecoin moves according to the script, Van de Poppe claims it would rise to 0.0058, reflecting a 93 percent increase from the trader’s suggested entry point.