What To Look Out For Cardano, Litecoin, Cosmos & Avalanche Tokens According to Crypto Analyst

What To Look Out For Cardano, Litecoin, Cosmos & Avalanche Tokens According to Crypto Analyst.

The crypto market is currently going through a volatile past few days. With Bitcoin and other coins rally and then falling in a matter of hours makes many investors to be wary of trading.

Other than Bitcoin and Ethereum, let us look at some other altcoins to look out for to trade ini. One of the most famous crypto analyst, Michaël van de Poppe share his analysis of what to expect for Cardano (ADA), Litecoin (LTC), Cosmos (ATOM), Avalanche (AVAX) and Binance (BNB) in the near future.

Cardano (ADA)

Michaël van de Poppe said that, ADA is currently still trading above his key support line. And seems like many users are still very interested in one of the biggest altcoins in the market right now. He said that it is still accumulating, which means that there is a general increase in buying activities.

The best price to buy ADA is at the region around $0.30-0.375. At the time of writing, Cardano is trading at $0.43 down around 2%. If there is a break in the downwards trend, maybe investors can start to long in this altcoin.

Litecoin (LTC)

Van de Poppe believes that for the case of LTC, it is still going according to his predictions. For the LTC/BTC chart, he believes that it will rally as long as it is trading above his predicted support level which is around, 0.002772 BTC ($52.39). It could start a bull run to around 0.0034 BTC ($64.25) $17if that happens.

At the time of writing, LTC is trading at $52.92, up around 0.5%.

Cosmos (ATOM)

Another crypto that van de Poppe analyze is Cosmos. He said that ATOM is showing “a ton of strength” and he expects it to rally up soon. He believes that investors should go long when the price of ATOM is at $13. And if it goes up to $13.85 for the support line, one can expect it to rally to more than $16.

At the time of writing, ATOM is trading at $12.91, down 10.82%.

Avalanche (AVAX)

Avalanche is the fourth crypto that he gave out his analysis for. For the market to have an upward trend, he prefers to see the AVAX/BTC pair to trade around 0.00092 BTC ($17.41). If the happens then maybe it will trigger long runs towards 0.00105 BTC ($19.87).

At the time of writing, AVAX is priced at $16.94, down 6.39%.

Binance Coin (BNB)

One of the latest analysis from van de Poppe is on Binance coin. After a downtrend in the bull market, he analyse that people should go long for BNB. He analyse two support line which is at $265 and $250. And predicts that it could rally to $323.60 above the support line.

At the time of writing, BNB is trading at $272.15, down 0.06%.

For more info regarding Crypto Alpha and NFTs Alpha.  Always follow us on Twitter and Instagram.


Related post