Top Crypto Analyst Says Catalyst Will Keep Litecoin Supported, Updates Outlook on Bitcoin and Ethereum

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A popular crypto trader weighs in on the future prospects of Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH).

Starting with Litecoin, pseudonymous analyst Bluntz tells his 223,000 Twitter followers that the 14th largest crypto asset by market capitalization is consolidating in preparation for what could be a breakout.

According to Bluntz, the upcoming Litecoin halving should keep the altcoin up. The third Litecoin halving is expected to take place in about two months.

“A strong long-term contraction is happening on LTC. I think the halving narrative keeps this one supported.

Source: Bluntz/Twitter

Looking at the chart, it looks like the analyst is predicting a symmetric triangle breakout for Litecoin en route to its target above $110.

Litecoin is trading at $86.96 at the time of writing.

Regarding Bitcoin and Ethereum, the pseudonymous analyst claims that the two major crypto assets could trade in a range for a while before crashing. However, Bluntz says the plunge could take some time.

“So far the lows hold on both BTC and ETH.

I wouldn’t be surprised to see a longer bear chain/flag playing here, it doesn’t look like a breakdown is imminent yet.

Source: Bluntz/Twitter

Bitcoin and Ethereum are trading at $26,471 and $1,814 respectively at the time of writing.

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