A popular cryptocurrency analyst shared 4 altcoin projects as Bitcoin and altcoin prices bleed. These altcoins, which are on the analyst’s radar, show interesting price movements. These cryptocurrencies include Litecoin (LTC), Ripple (XRP), Cosmos (ATOM), and Tezos (XTZ). The analyst gave bearish and bullish expectations and entry levels for these altcoins.
“This altcoin is on good ground for bulls”
Crypto analyst Michaël van de Poppe told his 627,100 Twitter followers about one of the biggest altcoin projects, Ripple. According to him, XRP price continues to hover at a favorable level for its bulls. However, he also explained that if the market falls back, he expects the $0.335 level in the long term. At the time of writing, XRP is changing hands for $0.333, down 7% on the day.
“Expect these price levels at ATOM”
Next up is Cosmos, designed for scale and interoperability. This Blockchain ecosystem also hosts an altcoin asset called ATOM. Van de Poppe points $13.30 as the initial support zone for ATOM. A break of this level sets $11.22 followed by $9.69. According to the analyst, ATOM price is in a heavy downtrend and will lose many support levels with this drop. At the time of writing, the coin has dropped about 10% in the last 24 hours and is currently changing hands for $13.97.
“This altcoin is ready to rally against Bitcoin”
Another altcoin on the investor’s radar is the peer-to-peer (P2P) payment network Litecoin (LTC). Van de Poppe says Litecoin looks poised to recover against Bitcoin (LTC/BTC), despite the recent correction in the crypto markets. In addition, Poppe adds that as long as the pair is 0.0028 BTC, it is worth investing in the old altcoin asset. According to him, LTC will continue to show signs of recovery as long as it stands above this level against Bitcoin. At the time of writing, the LTC/BTC pair was at 0.0029 BTC worth $58.58.
“Tezos (XTZ) must hold this level to rise”
The last altcoin on Van de Poppe’s list is Tezos (XTZ). As Cryptokoin.com reported, Tezos is an Ethereum-like smart contract platform that focuses on interoperability. However, the platform is extremely old in the crypto space. Van de Poppe says XTZ needs to hold the $1.44 support to move up to its $2.85 target. According to him, the support at $1.44 will create the momentum for XTZ to rise. At the time of writing, XTZ is down about 7% in the last day. However, the price of one Tezos token was around $1.53.
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