Crypto Analyst Michal Van De Poppe Eyes Rallies For Ethereum, Litecoin And One ETH Rival Here Are His Targets

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A widely followed crypto analyst predicts rallies for a handful of altcoins, including leading smart contract platform Ethereum (ETH) and one of its main competitors.

Crypto strategist Michal van de Poppe tells his 643,000 Twitter followers that he expects the second-largest crypto asset by market capitalization to test the $1,450 price level relatively soon.

Good answer on Ethereum. We waited in this area to give some relief, we got it and [are] in the face of resistance. If we hold and continue to make higher lows, I think we will test areas around $1,450.

Source: Michael van de Poppe/Twitter

Ethereum is changing hands for $1,275 at the time of writing, a 2% gain on the day.

Switching to the Avalanche (AVAX) Layer 1 Protocol, van de Poppe says he intended to go long in the cryptocurrency as it hovered around $13, but opted for another asset. digital.

He now says he expects AVAX to test the $16-$17 range if it can break through the $13.75-$14.50 range.

I was looking for a long about $13 on AVAX. I didn’t trigger it as I went for another crypto, but we’re looking forward to a test at $16-17 if $13.75-14.50 breaks.

Source: Michael van de Poppe/Twitter

AVAX is valued at $13.50 at the time of writing.

Van de Poppe concludes his analysis with Bitcoin (BTC) alternative Litecoin (LTC), saying that the price of the asset will depend on several factors, including the upcoming Federal Reserve meeting and inflationary indicators such as the consumer price index. (CPI) and the producer price. Index (IPP).

The analyst says that LTC reversing the $76 could trigger a rally.

Patiently waiting for an entry at $71 or $65, but I doubt we’ll get it (likely based on the Federal Open Market Committee, CPI and PPI). All in all, I’m looking at these scenarios and expecting the sequel to happen. Reduced lead times; $76 flip is a potential trigger.

Source: Michael van de Poppe/Twitter

LTC is moving for $75.56 at the time of writing.

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