Prominent crypto strategist and trader Michaël van de Poppe is predicting that a select group of altcoins are poised to outperform Bitcoin this month.
In a new tweet, the high-profile analyst tells his 207,700 followers that he’s keeping a close watch on Litecoin after LTC started showing signs that it may be ending its three-year downtrend against Bitcoin (BTC).
“Litecoin is showing more and more arguments for bullish continuation as it’s potentially making a higher low here.”
Another coin on Van de Poppe’s radar is Tezos (XTZ/BTC), as the pair is bottoming out with a potential to climb from 0.0001 to 0.00019, representing gains of 90%.
“Tezos is still ready to continue and some points of interest can be drawn for entries on the charts. If the resistance zone breaks, new impulse wave and bull cycle can start.”
Next up is scaling platform Celer Network (CELR). According to the crypto trader, CELR/BTC is approaching a potential entry point at around 0.0000009, where it can reverse and climb all the way to 0.000002 for gains of over 122%.
“This one is consolidating here after an impulse move and I think we’ll see some more consolidation. After that period, big impulse wave and likely 200+ satoshis.”
Coming in at number four is data sharing blockchain Ocean Protocol (OCEAN/BTC). The crypto strategist says he believes OCEAN will continue its ascent against BTC and print gains of over 35% from 0.000028 to 0.000038.
“Bullish continuation here in which I assume we’ll see that continuing if 2,700-2,800 satoshis holds. If that happens, the next target zone [is] around 3,800 satoshis.”
The last coin on Van de Poppe’s radar is privacy-centric crypto asset Komodo (KMD/BTC). According to the crypto trader, the KMD/BTC should hold support at 0.00005 in order to set a higher low and maintain its bullish ascent to 0.00012 for gains of 140%.
“This one is starting a new bull cycle. The area around 500-575 satoshis I’d be looking for entries. If that holds, the next zone is 1,200-1,300 satoshis.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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/Tithi Luadthong
Credit: Source link