Fashionable crypto strategist and dealer Michaël van de Poppe is two altcoins that he says are doubtlessly flashing reversal indicators.
In a brand new technique session, Van de Poppe tells his 149,000 YouTube subscribers that Litecoin may very well be forming a bullish higher-low setup in opposition to 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 a better low to be going down. And once we return in historical past and we create such a better low, it’s an argument to start out working.
And again in historical past, we additionally know that within the first quarter of the 12 months, Litecoin does rather well.”
Van de Poppe highlights that Litecoin tends to ignite rallies at the beginning of the 12 months as seen in Q1 of 2015 and the primary quarters of 2017 to 2020.
One other coin on the dealer’s checklist is Cosmos, a venture dubbed as “the web of blockchains.” In accordance with Van de Poppe, Cosmos could also be on the finish of its corrective transfer in opposition to Bitcoin (ATOM/BTC) because it finds help at 0.00041 BTC ($23.65).
“It has seen a wonderful transfer. At present correcting closely. We is perhaps correcting just a little bit extra however after such a heavy correction, because it has been doing right here, the Bitcoin pair reveals a interval the place we may very well be beginning to have a reversal.
And as you realize, December is usually a wonderful interval for altcoins.”
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