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A preferred crypto dealer is weighing in on the prospects of Litecoin (LTC), Bitcoin (BTC) and Ethereum (ETH) shifting ahead.
Beginning with Litecoin, the pseudonymous analyst Bluntz tells his 223,000 Twitter followers that the 14th-largest crypto asset by market cap is consolidating in readiness for what could possibly be a breakout.
In response to Bluntz, the upcoming halving of Litecoin is prone to preserve the altcoin bullish. Litecoin’s third halving is anticipated to happen in about two months.
“Stable excessive timeframe contraction taking place on LTC. I believe the halving narrative retains this one propped up.”
Trying on the chart, it seems that the analyst is predicting a symmetrical triangle breakout for Litecoin en route towards his goal above $110.
Litecoin is buying and selling at $86.96 at time of writing.
Turning to Bitcoin and Ethereum, the pseudonymous analyst says that the 2 main crypto property might commerce in a spread for some time earlier than breaking down. Nevertheless, Bluntz says that the plunge might take a while.
“Thus far, lows holding on each BTC and ETH.
Wouldn’t be shocked to see a extra longer drawn-out channel/bear flag play out right here, doesn’t fairly appear to be a breakdown is imminent simply but.”
Bitcoin and Ethereum are buying and selling at $26,471 and $1,814, respectively, at time of writing.
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