XRP, Litecoin and Two Other Altcoins Ready To Wake Up and Launch New Rallies, According to Top Crypto Strategist ~ Cryptops

XRP, Litecoin and Two Other Altcoins Ready To Wake Up and Launch New Rallies, According to Top Crypto Strategist

Prominent crypto strategist and trader Michaël van de Poppe is keeping a close watch on XRP, Litecoin and two other altcoins that he says are close to waking up. In a new strategy session, the analyst tells his 116,000 YouTube subscribers that XRP is poised to rally and print a new all-time high.

“You can really deduce Fibonacci extension to build the next target zone by looking at the USDT values of XRP. So, using Fibonacci retracement and doing it this way, we get $2.85 and $4.30 as the next target zones for XRP in the following impulse wave. We can also state that we've reached the 2.618 [Fibonacci zone] if we go back to the previous cycle. So, most likely, XRP will move to $4.30 in the next run-up.”

XRP is repeating its price behavior from December 2020 to April this year, when the sixth-largest crypto asset soared over 1,052 percent from $0.17 to $1.96, according to Van de Poppe.

The multi-currency transaction network Stellar is the next cryptocurrency in Van de Poppe's list (XLM). XLM could print a bullish upper low setup at $0.31, according to the crypto researcher, before rocketing to its 52-week high of $0.79.

“It appears to be in good condition. The likelihood of XLM going all the way back to this high [$0.80], with some consolidation before breaking to the upside, is considerable.”

Van de Poppe is also keeping an eye on Litecoin's price in its Bitcoin pair (LTC/BTC). The crypto trader believes the peer-to-peer payments network has held above a crucial support level against Bitcoin and is poised to set a new higher high above 0.01 BTC, which is currently worth $501 at the time of writing.

“So I'm anticipating we'll have the bottoming for Litecoin somewhere around this region [0.003 BTC, or $150 at the time of writing], after which we'll break back up, have some consolidation, and then we'll start running.”

Finally, the trader compares Tezos (XTZ/BTC), a smart contract platform, against Bitcoin (BTC). The pair is developing a bottom structure, according to Van de Poppe, and is now poised for a 68 percent recovery from its current price of 0.000077 BTC, or $3.86.

“We're creating a lovely rounded bottom. That is Peter Brandt's specialty. But we're forming a rounded bottom here, with a squeeze, and the chances of this one breaking out strongly towards the resistance zone at [0.00013 BTC, or $6.52] are enormous.”