Legendary crypto analyst Michaël van de Poppe awaits rally for XRP (XRP), Litecoin (LTC) and 2 altcoins, saying that one key metric signals the next big bull phase in the crypto market.
Analyst says big bull run is coming for XRP and Litecoin
Michaël van de Poppe, in his recent analysis, told 584,000 Twitter followers that XRP seems to be jamming in Bitcoin pair (XRP/BTC) and a it says summed for output:
The graph is very similar to the previous cycle in 2014 and 2017. It looks like we will have that big run in XRP again. The tighter the chart, the heavier the breakout and everyone rushes to that position.
At the time of writing, XRP price is trading at $0.7469, up 5.5% over the past seven days. Losing around 4% in the last 24 hours has erased some of its gains.
“This metric will ignite the altcoin market”
Van de Poppe predicts that Litecoin, like XRP, will rise after a fairly long downtrend. The crypto analyst says he waits for a metric to reverse before the crypto actually takes action again. According to the analyst, the US dollar index (DXY), which pegs the USD to the basket of fiat currencies, should reverse its course in its nearly 1-year rally. Continuation Poppe predicts:
I’m still waiting for this to return, then the crypto party will begin.
Analyst is also monitoring a small-volume altcoin project
Van de Poppe said Syscoin (SYS), a Blockchain that offers assets backed by Bitcoin’s hash power says it is currently at an attractive support level for the bulls:
Simple, I would look at a long level if it holds.
Van de Poppe, whose analysis we shared as Cryptokoin.com, says that an altcoin chart covers the entire market. According to the analyst, the decentralized finance (DeFi) platform Orion Protocol (ORN) offers long-term opportunities for bulls, even if some investors shy away from bearish price action. Here are the reasons why:
This chart is a representation of the current state of altcoins. They are on the ground and have been in a bear market for a year. Instead of exiting the market, it’s time to enter them.
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