Here’s the future for XRP, Cosmos and two other altcoins, according to analyst Michaël van de Poppe – Crypto News Aktuell
A popular crypto trader outlines what a handful of altcoins like XRP and Cosmos (ATOM) is in stock as the digital asset markets experience another sell-off event.
Michaël van de Poppe tells his 627,100 Twitter followers that the seventh largest crypto asset is now trading at price levels favorable to XRP bulls.
“If the market falls back I would look to $0.335 for longs.”Source: Van de Poppe/Twitter
At the time of writing, XRP is changing hands at $0.333, down 7% on the day.
Next comes Cosmos, a Blockchain-Ecosystem that is scalable and interoperable. Van de Poppe cites $13.30 as the first region of support for ATOM, followed by $11.22 and then $9.69.Source: Van de Poppe/Twitter
At the time of writing, ATOM is trading hands for $13.97, a nearly 10% depreciation in the last 24 hours.
Another altcoin on the trader’s radar is the peer-to-peer payment network Litecoin (LTC). Despite the recent correction in crypto markets, Van de Poppe says Litecoin still seems poised to bounce back Bitcoin (LTC/BTC) to recover.
“Looks like we’re getting a sequel to the older coins. As long as [0.0028 BTC] endures LTCwe would be ready to go.”Source: Van de Poppe/Twitter
At the time of writing, the pair is valued at 0.0029 BTC worth $58.58.
The last coin on Van de Poppe’s list is the smart contract platform Tezos (XTZ). Van de Poppe says that XTZ needs to hold the $1.44 support to have a chance to maintain its bullish momentum and rally to its $2.85 target.Source: Van de Poppe/Twitter
At the time of writing, XTZ is trading at $1.53, down almost 7% over the past day.
Featured Image: Shutterstock/jamesteohart
Source: Crypto News Deutsch