Popular cryptocurrency analyst Michael van de Poppe came up with the latest altcoin predictions. Michael van de Poppe conveyed some of his expectations, especially Cardano (ADA) and XRP. Here are the details…
Analyst conveys bullish expectation in Cardano and XRP
Michaël van de Poppe told his 624,800 Twitter followers about the much anticipated update for Cardano. He said this update could be the catalyst that took the ADA to a level not seen since February this year. As we reported on Kriptokoin.com, Cardano inventor Charles Hoskinson made a live broadcast the other day. Here, Vasil gave the exact date for his hard fork. As a result of this, the price of ADA has risen by around 15 percent. It has surpassed XRP by its market value. Van de Poppe uses the following expressions:
Cardano’s hard fork is imminent and has a nice support test confirming it’s a double bottom. Targets: $0.55 and $0.75.
The next altcoin is XRP, which Van de Poppe says looks ripe for a breakout against Bitcoin (XRP/BTC). The analyst pointed to the 50-day moving average and the 200-day moving average for XRP. He pointed out that cryptocurrencies are stuck between these averages. With a break above 0.000017 BTC ($0.34), he thinks that 0.000022 BTC ($0.44) will be on target.
What’s next for popular altcoin projects ATOM, EOS, and LTC?
Another cryptocurrency on the investor’s list was the smart contract protocol EOS (EOS). According to Van de Poppe, EOS will likely revisit support at $1.35 before raising the next leg to $2. The analyst says that the “pump” passion in the current market should be abandoned. He states that retests on the upside can always happen. He stated that for EOS we will now see some more consolidation before the $2 test.
Looking at the peer-to-peer payment network Litecoin (LTC), Van de Poppe predicts a downtrend and then an uptrend. Poppe predicts a slight pullback before the altcoin potentially initiates a 35 percent rise. According to the analyst, LTC has climbed above the 50-day moving average. He mentioned that he is looking for strength and continuity by holding above $59. He stated that if it continues to move above $59, the next target is $80.
Finally, the trader left a comment for Cosmos (ATOM). According to Van de Poppe, ATOM is bullish as long as it trades above the key $11 support area. The expert points out that ATOM is quite strong in terms of price action. However, he states that it needs to rise above $13 in order to hold on in the current situation. In case of holding $11 and continuation of the upward movement, the next levels are $17-18.
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