Crypto Analyst Details Potential Reversal Levels For Ethereum, Binance Coin, And Litecoin Amid Altcoin Correction

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A closely-watched analyst outlines key price levels where he believes crypto bulls would step in and trigger trend reversals for Ethereum (ETH), Binance Coin (BNB), and Litecoin (LTC).

In a new video update, analyst Michal van de Poppe tells his 163,000 YouTube subscribers that Ethereum is at risk of further decline unless it can reclaim support at $1,785.

This whole area of ​​$1,785 is something we need to hold. Otherwise, we will look at a case where I think we will retest the zone around $1600 and the reversal will take place.

At the time of writing, ETH is trading for $1,751. A move towards the Van de Poppes reversal zone suggests a decline of more than 8% for the major altcoin.

Looking at Binance Coin, the utility token of the world’s largest crypto exchange, Van de Poppe says that BNB’s inability to stay above support at around $270 suggests the altcoin is likely on its way to $200, where it could potentially reverse.

We must reclaim the domain of [$270] to avoid a market crash. We had that market breakdown, and we were now looking to get that liquidity below the low here for Binance Coin before we were most likely going to backtrack. So I’m looking at offers in this range ($200) if I was going to get it.

Source: Michal van de Poppe/YouTube

At the time of writing, BNB is worth $237.

As for peer-to-peer payment network Litecoin, Van de Poppe says that LTC might be on the verge of ending its correction.

I think if we’re going to have a reversal, that’s the range we’re looking at, maybe towards $70 to $73. If that were to be the case, then I think we were going to have a quick comeback.

At the time of writing, LTC is trading at $78.78.

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