Here’s What’s Ahead for XRP, Cosmos and Two Additional Altcoins, According to Analyst Michaël van de Poppe
A popular crypto trader is mapping out what’s in store for a handful of altcoins including XRP and Cosmos (ATOM) as the digital asset markets witness another sell-off event.
Michaël van de Poppe tells his 627,100 Twitter followers that the seventh-largest crypto asset is now hovering at a price level that’s favorable for XRP bulls.
“If the market falls back, I’d be looking at $0.335 for longs.”
At time of writing, XRP is changing hands for $0.333, down 7% on the day.
Next up is Cosmos, an ecosystem of blockchains designed to scale and be interoperable. Van de Poppe pinpoints $13.30 as the first support region for ATOM, followed by $11.22 and then $9.69.
At time of writing, ATOM is swapping hands for $13.97, a nearly 10% devaluation in the past 24 hours.
Another altcoin on the trader’s radar is peer-to-peer payments network Litecoin (LTC). Despite the latest correction across the crypto markets, Van de Poppe says Litecoin still appears primed to rally against Bitcoin (LTC/BTC).
“Seems like we’re going to get a continuation on the older coins. As long as [0.0028 BTC] holds on LTC, we’d be good to go.”
At time of writing, the pair is valued at 0.0029 BTC worth $58.58.
The last coin on Van de Poppe’s list is smart contract platform Tezos (XTZ). Van de Poppe says XTZ needs to hold support at $1.44 to have a shot at maintaining its bullish momentum to rally to his target at $2.85.
At time of writing, XTZ is trading at $1.53, a nearly 7% decline in the last day.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/jamesteohart
The post Here’s What’s Ahead for XRP, Cosmos and Two Additional Altcoins, According to Analyst Michaël van de Poppe appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
