Popular crypto analyst and trader Michael van de Poppe has revealed his predictions for BTC, LTC and LINK, where he expects a price increase of up to 3x. The analyst recently shared his long-term price expectations for a number of altcoins.
Michael van de Poppe watches the next opportunities in the altcoin market
The widely followed crypto analyst said he expects bullishness in a handful of cryptocurrencies. In his previous analysis, he shared that he added a 26% to 400% price increase in altcoins on his radar. The price predictions that Poppe gave on June 22 are as follows. As Kriptokoin.com, we have included the details of the analysis in this article.
- Chainlink (LINK): $18-22
- Avalanche (AVAX): $55-65
- Litecoin (LTC): $220-260
- Ethereum (ETH): $2,700-3,000
- Bitcoin (BTC) $38,000-42,000
- Cosmos (ATOM) $25-35
https://twitter.com/CryptoMichNL/status/1671914190104059904
In his latest analysis, he reported that he expects bullishness for BTC, LTC and LINK. Yesterday on Twitter, he predicted that the crypto market could recover in the next few months. The analyst says it will be great for the market if Bitcoin closes its weekly candle this week above $30,000.
Meanwhile, Poppe also noted that Litecoin (LTC) is “preparing itself for some big weeks.” Chainlink (LINK) was also on the analyst’s radar with a position above $6.
Closing the week at $30K+ for #Bitcoin is great. #Chainlink is back above $6, and #Litecoin is making itself ready for some massive weeks.
Summer will be fun on the markets.
— Michaël van de Poppe (@CryptoMichNL) June 23, 2023
3 cryptos on the analyst’s radar continued to rise today
CMC data shows that most of the top 10 cryptocurrencies are continuing their price increases today. BTC gained around 2% on the day and solidified its position in the $31,000 region.
The leading crypto is currently struggling to climb above the next major resistance level at $31,095. The 9-day and 20-day EMA lines on the market leader’s chart indicated that BTC is in a short-term bullish cycle as the shorter EMA line is positioned above the longer 20-day EMA.
According to technical analysis, if the momentum continues in the next 24 hours, the bulls will put more pressure on $31,095. On the other hand, if it is rejected from this resistance level, it risks falling to the minor support at $29,865 before dropping to the next potentially key support level at $28,815.
Litecoin (LTC)
Meanwhile, Litecoin (LTC) was the biggest gainer with a price increase of more than 6% in the past day. LTC thus advanced to $91.64. As a result, it increased its weekly performance to 18.56%. Technically speaking, it has been in a positive trend for the last 2 weeks. This move saw the altcoin price surge to its current level from $70.75. During this time, the crypto price also managed to surpass the 3 main resistance levels.
The first level LTC broke out above was the $77.53 region, where the crypto price broke above the price point on Tuesday. It then broke above the 9-day and 20-day EMA lines and broke the next resistance at $83.65. In the last 24 hours, LTC has successfully challenged the 3rd resistance level at $91.
Technical indicators on LTC’s daily chart suggest that its price will continue to rise over the next few days, potentially breaking the next major resistance level at $97.30. The 9-day EMA line was bullish above the 20-day EMA. If this crossover occurs, LTC’s bullish line could continue in the next few days.
Chainlink (LINK)
Crypto analyst Van de Poppe welcomed the fact that LINK price surpassed $6. Coming to LINK’s performance, the altcoin’s price has also managed to rise in the last 24 hours. LINK was trading at $6.11 as a result of a price increase of more than 5%.
Right now, the next big plaster of the LINK bulls will be a test of the $6,295 resistance level. In case of rejection from the region, this time the bears will press $5,931. Finally, as Bitcoin price continues its upward movements, LINK price is expected to follow this trend.
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