Widespread crypto strategist and dealer Michaël van de Poppe is taking a look at two altcoins that he says are probably flashing reversal indicators.
In a brand new technique session, Van de Poppe tells his 149,000 YouTube subscribers that Litecoin might be forming a bullish higher-low setup towards Bitcoin (LTC/BTC) at 0.0033 BTC or $190.38.
“Even Litecoin may be an amazing one at this level as we’re in search of for the next low to be happening. And after we return in historical past and we create such the next low, it’s an argument to begin operating.
And again in historical past, we additionally know that within the first quarter of the yr, Litecoin does very well.”
Van de Poppe highlights that Litecoin tends to ignite rallies at the beginning of the yr as seen in Q1 of 2015 and the primary quarters of 2017 to 2020.
One other coin on the dealer’s record is Cosmos, a challenge dubbed as “the web of blockchains.” In line with Van de Poppe, Cosmos could also be on the finish of its corrective transfer towards Bitcoin (ATOM/BTC) because it finds help at 0.00041 BTC ($23.65).
“It has seen a good looking transfer. At present correcting closely. We may be correcting just a little bit extra however after such a heavy correction, because it has been doing right here, the Bitcoin pair reveals a interval the place we might be beginning to have a reversal.
And as you realize, December is commonly a good looking interval for altcoins.”
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