A widely followed crypto strategist believes that Litecoin (LTC) and Chainlink (LINK) should print gains of over 100%.
Analyst Michaël van de Poppe tells his 659,700 Twitter followers that peer-to-peer payment network Litecoin looks bullish after overcoming several technical resistances following its strong rally last week.
According to the trader, Litecoin could reach $250, suggesting an upside potential of more than 135% from its current price of $106.
“Litecoin looks great.
– Break through the 200-week moving average and the exponential moving average (200 weeks).
– Breaking the resistance of $100.
– New yearly highs.
The goals are $180 and $250 on this run, the former will probably be the end.
Looking at the decentralized oracle network Chainlink, Van de Poppe says that LINK managed to recover its key support level at $6 after falling to a low of around $5 in 2023.
According to Van de Poppe, the bullish rally suggests that LINK is about to trigger an uptrend that could propel it all the way up to $15, an increase of more than 127% from its current value of $6.60.
“Chainlink is back in line.
Returned $6 for support, thanks to which we are close to removing many highs and expanding higher.
Van de Poppe is also keeping a close eye on XRP. According to the trader, XRP could rise to $0.53 as long as it remains above the support at $0.48.
“Well, XRP has swept higher, but doesn't show a clear pattern here.
We need more confirmation, but we will probably start aiming for $0.53. »
At the time of writing, XRP is trading at $0.49.
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