Crypto Trader Says Ethereum Altcoin Which Exploded 190% This Year Is About To Hit A New All-Time High

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A widely followed crypto analyst says an Ethereum-based altcoin (ETH) is set to hit new all-time highs after surging 190% in 2023.

Pseudonymous trader Smart Contracter tells his 222,300 Twitter followers that layer 2 scaling solution Optimism (OP) will likely end up reaching all-time highs after breaking weeks of consolidation inside an ascending triangle.

Nice upward triangle breakout on OP after weeks of sideways/accumulation.

Also like how all down moves from the highs are corrective three wave moves.

I think this one ends up reaching all-time highs.

Source: Smart Contracter/Twitter

OP is trading at $2.64 at the time of writing, a gain of 8.16% on the day and an increase of around 190% since the start of the year.

The crypto strategist then turned his sights on the Litecoin (LTC) peer-to-peer payments network.

Smart Contracter says he missed the opportunity to capitalize on the last Bitcoin (BTC) rally because he made a mistake and sold during a period of low volatility, but he is now looking to accumulate Litecoin because he believes that the altcoin is showing an uptrend. signal against king crypto (LTC/BTC).

I missed this most recent BTC pulse because I was rocked during the low [volatility] Easter vacation (rookie mistake). I am now looking to chase alts with good BTC pair setups, and I think LTC is one of them. I think LTC/BTC is very close to a reversal and a daily low.

Source: Smart Contracter/Twitter

The LTC/BTC pair is currently trading at 0.003148 ($95.64).

Smart Contracter then turns its attention to the leading Ethereum smart contract platform. According to the trader, the fear surrounding the new Shanghai platforms update, which now allows users to withdraw their staked ETH, is unwarranted. He also believes the top altcoin is rocking the vibes of Bitcoin price action in 2019 when the king of crypto surged around 300% in a matter of months.

I still think people are completely overreacting to ETH Shanghai unlocking and all Imgetting is 2019 vibes.

Source: Smart Contracter/Twitter

ETH is trading at $2,095 at the time of writing, down nearly 1.5% in the last 24 hours.

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