Well-known crypto strategist and trader Michaël van de Poppe is watching XRP, Litecoin, and two other altcoins that he says are about to wake up.
In a new strategy session, the analyst tells his 116,000 YouTube subscribers that XRP is on the verge of recovering and printing a new all-time high.
“If you look at XRP’s USDT levels, you can actually infer the Fibonacci expansion to hit the next target zone. So if we do this through Fibonacci retracement and we do it this way, we get $ 2.85 and $ 4.30 as the next target zones for XRP in the next pulse wave. If we do it from the previous cycle, we can also say that we have the 2,618. achieved [Fibonacci zone]. In the next attempt, XRP will most likely rise to 4.30 US dollars. “
According to Van de Poppe, XRP mirrors its price movement from December 2020 to April this year, when the sixth largest crypto asset rose over 1.052% from $ 0.17 to $ 1.96.
The next coin on Van de Poppe’s list is the Stellar (XLM) multi-currency transaction network. According to the crypto analyst, XLM could likely print a bullish higher low at $ 0.31 before skyrocketing to its 52-week high of $ 0.79.
“It still looks pretty good. The chances of XLM heading back towards that high [$0.80]having some consolidation before it breaks up is important. “
Van de Poppe also watches the price development of Litecoin in his Bitcoin pair (LTC / BTC). The crypto trader believes the peer-to-peer payments network has managed to stay above an important level of support against Bitcoin and is preparing to hit a new higher high at 0.01 BTC, which was the date of the Writing is worth $ 501.
“So I’m going somewhere in this area [0.003 BTC, or $150 at time of writing] We will bottom out for Litecoin, then we will break up again, have some consolidation and then we will start running. “
Finally, the trader is looking at the smart contract platform Tezos versus Bitcoin (XTZ / BTC). According to Van de Poppe, the pair are forming a floor structure and are now preparing for a 68% rally from their current price of 0.000077 BTC, or $ 3.86.
“We’re making a nice rounded bottom. This is Peter Brandt, his thing. But we’re making a rounded bottom here that we’ve gotten a pressure into and the chances that it will break out strongly towards the zone of resistance that we have around us [0.00013 BTC, or $6.52] is massive. “
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