More

    An Analyst Says Crypto Traders Are Sleeping On An Altcoin As Bull Run’s ‘Final Stage’ Approaches

      The pseudonymous analyst tells his 222,000 Twitter followers that Litecoin (LTC) could capitalize on the final “legendary” leg of the current bull run.

    I don’t trade fractals, but I do think we will see something similar to what we saw in 2017 on the left. Not just for LTC but for much of the ‘old guard.’ Still think new ATH is on the cards.”

    “Seeing a lot of people saying LTC had its ‘bull run’ and it’s headed to the grave.

    Source: Credible Crypto

    As for the timing of his prediction, he thinks the final rally will begin “after some months” of consolidation have passed.

    Credible Crypto also thinks Bitcoin Cash (BCH) could see all-time highs. And he warns traders not to count out XRP.

     

    Source: Credible Crypto

    “XRP was also one of the worst-performing majors in 2017, until it wasn’t. In the 30 days following BTC’s peak, XRP rallied over 10x bringing total gains for its cycle to 62,947% or 629x. Don’t count it out simply because it has had a slow start.”

    Additionally, the analyst says the market is pushing into a key area of demand for the decentralized public network Hedera Hashgraph (HBAR).

    “Did not think we were going to get a 3rd chance to buy at these levels but the market felt kind.

    Note that each successive drive down is aggressively bought up indicating seller absorption as we push into a key HTF area of demand. Buyers are stepping in here, repeatedly.”

    Source: Credible Crypto

    Credible Crypto predicts that Bitcoin (BTC) will move towards $45-55,000 if it can break $35-38,000. If it goes higher, he plans to short it.

    “If we can get to 55k I’ll look to hedge short. I know if we manage to get there many will be euphoric- calling for new ATH when in reality that region is the most likely place to see a mid-term rejection. Have a plan.”

    Follow us on Twitter, Facebook and Telegram

    Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

    Check Latest News Headlines

    Surf The Daily Hodl Mix

    News Highlights Business

    • An Analyst Says Crypto Traders Are Sleeping On An Altcoin As Bull Run’s ‘Final Stage’ Approaches
    • Check all news and articles from the Business news updates.

    Disclaimer: If you need to update/edit/remove this news or article then please contact our support team.

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Atlantis Exchange Received 30,000,000 Advanced Bitcoin as Liquidity

    SEATTLE, WA, May 20, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that a deposit of 30,000,000 Advanced Bitcoin (“aBTC”), a green cryptocurrency...

    These indicators show how the equities sell-off is influencing crypto prices to fall down

    Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the...

    Xendit Raises $300M to Grow Payments Platform

    Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million,...

    Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

    Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours...

    Ethereum to Merge in August as Final Testing Begins

    The Merge is a milestone upgrade that transitions the Ethereum network consensus mechanism from proof-of-work mining to proof-of-stake (PoS). It is a significant step...

    Newsletter

    Subscribe to stay updated.