Trader Who Caught 2023 Crypto Rally Names Two Interesting Altcoins, Updates Ethereum (ETH) Predictions

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The crypto trader who masterfully rode the 2023 rally in digital asset markets says he has his eye on two interesting large-cap altcoins.

In a new strategy session, pseudonymous trader DonAlt tells his 50,700 YouTube subscribers that one of the altcoins that caught his attention is LDO, the native token of liquid staking service Lido DAO.

According to the crypto strategist, LDO looks attractive even though it has pulled back significantly from last week’s high of $2.48.

Lido has been very interesting lately where you have massive moves like you are fully traced. It’s really difficult. I think these names, for example, Lido is one of those if you are bullish altcoins, it is a good one to express the uptrend.

At the time of writing, LDO is trading at $2.14.

Another altcoin on analysts’ radar is the peer-to-peer payment network Litecoin (LTC). According to DonAlt, Litecoin looks attractive despite the current conditions in the broader altcoin markets due to the incoming LTC halving event.

I could see myself getting a comeback there, so I like that one

If you look at (the) Litecoin halving its 80 days (outside). So it’s been two almost three months. And that’s a good time frame to have because a month before the halving, you definitely don’t want to own Litecoin anymore. This means that you technically have, for the Litecoin movement to take place, you have 50 days.

I like these time invalidations because if the market keeps chopping and Litecoin does nothing in the next 10, 20, 30 days, it won’t be an interesting trade anymore, so you can just get out.

I like that stuff, especially if the coin that has it is trading heavily, like Litecoin.

At the time of writing, LTC is trading at $92.45.

As for Ethereum (ETH), DonAlt says the leading smart contract platform is showing signs of life as it refuses to fully collapse even after meeting $2,000 as resistance.

As for ETH, I think the further sideways here the better for the bulls, as these type of setups have to play out eventually, and the longer they don’t play out, the more likely that they will just disappear

If we have two more weeks that don’t necessarily go much further than (the) last (two weeks) down, I think at that point the long side punt is actually going to start to be interesting.

At the time of writing, Ethereum is worth $1,822.

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