Widespread crypto strategist and dealer Michaël van de Poppe is two altcoins that he says are probably flashing reversal indicators.
In a brand new technique session, Van de Poppe tells his 149,000 YouTube subscribers that Litecoin might be forming a bullish higher-low setup towards Bitcoin (LTC/BTC) at 0.0033 BTC or $190.38.
“Even Litecoin is perhaps an excellent one at this level as we’re looking for for the next low to be happening. And once we return in historical past and we create such the next low, it’s an argument to start out operating.
And again in historical past, we additionally know that within the first quarter of the yr, Litecoin does very well.”
Van de Poppe highlights that Litecoin tends to ignite rallies in the beginning of the yr as seen in Q1 of 2015 and the primary quarters of 2017 to 2020.
One other coin on the dealer’s listing is Cosmos, a venture dubbed as “the web of blockchains.” In line with Van de Poppe, Cosmos could also be on the finish of its corrective transfer towards Bitcoin (ATOM/BTC) because it finds assist at 0.00041 BTC ($23.65).
“It has seen a good looking transfer. Presently correcting closely. We is perhaps correcting a bit bit extra however after such a heavy correction, because it has been doing right here, the Bitcoin pair reveals a interval the place we might be beginning to have a reversal.
And as you already know, December is commonly a good looking interval for altcoins.”
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