Prominent crypto trader and analyst Michaël Van de Poppe is looking at two large-cap altcoins that he believes have the potential to outperform Bitcoin in the next leg of the bull cycle.
In a new video, the crypto strategist says he’s keeping a close watch on Ethereum against Bitcoin (ETH/BTC) as he thinks the pair is ready to erupt.
“As long as Ethereum stays in this region between 0.028 and 0.03, everything is fine. Even if Ethereum drops towards 0.0265, everything is still fine. And from the entire group of all altcoins, this is one of the few that’s actually looking the best in this entire structure. As long as it stays here, it is looking bullish in itself.”
According to Van de Poppe, the prevailing fear, uncertainty, and doubt (FUD) surrounding Ethereum “should guarantee a massive breakout once ETH 2.0 starts to roll.”
In the mid-term, the trader expects ETH/BTC to skyrocket to 0.044, representing potential gains of over 40% from its current price 0.031.
The next large-cap coin on Van de Poppe’s list is Litecoin. While LTC/BTC is still in the midst of a multi-year downtrend, says the crypto analyst, 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 follows the script, Van de Poppe thinks it can surge to 0.0058, which represents growth of over 93% from the trader’s suggested point of entry.
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