Analyst Michal van de Poppe Predicts Epic Litecoin Rally Despite Crypto Correction, Here’s His Target

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Michal van de Poppe, a popular crypto analyst, says historical price action suggests peer-to-peer payment network Litecoin (LTC) is gearing up for an epic surge.

The crypto strategist tells his 164,000 YouTube subscribers that he thinks Litecoin is still bullish on the weekly timeframe even after its latest corrective move.

“Actually, Litecoin is trending up. So we have a nice uptrend for Litecoin. We have some nice levels that we need to watch out of which the weekly level around $63 is definitely a level we should be on. keep an eye…

When you look at a point of interest for Litecoin itself, all that block ($63) and in fact all that level is an area where you want to start filling your position if we want to continue this uptrend. In the event of a further rally towards $100, you want to see this level ($63) hold for support and likely receive a bounce towards here ($80). After which, we consolidate and continue to run this race.

Source: Van de Poppe/YouTube

At the time of writing, Litecoin is changing hands for $64.75, down more than 23% from its December high of $84.73.

According to Van de Poppe, LTC’s recent price action appears to reflect its market structure when it bottomed out in late 2018. The crypto strategist points out that in December of that year, Litecoin experienced a pullback 28% before triggering a massive rally.

Van de Poppe says Litecoin could be in a similar situation and LTC could continue its ascent once the correction is over.

“It’s very comparable to what we saw in 2019 in price action as well… We saw this sideways action, breakout, come back all the way, take the lows, sideways action, breakout.”

Source: Van de Poppe/YouTube

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