Crypto Analyst Predicts Further Rallies for Avalanche, Updates Forecast on Litecoin and One Additional Altcoin

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A broadly adopted crypto strategist believes that Ethereum (ETH) challenger Avalanche (AVAX) is gearing up for a transfer to the upside.

Dealer Michaël van de Poppe tells his 660,000 Twitter followers that AVAX seems bullish after briefly transferring above resistance at $14.

In response to Van de Poppe, Avalanche seems poised for a cooldown interval earlier than igniting the subsequent leg up.

“Nice transfer right here, breaking via earlier highs. Swept all of the highs, so some consolidation appears seemingly. In that regard, areas at $12.70-$12.95 are doubtlessly for getting the dip in direction of $16.”

At time of writing, AVAX is buying and selling for $13.33

Subsequent up is Zilliqa (ZIL), a blockchain designed for enterprise options. Van de Poppe says that ZIL is probably going due for a pullback to round $0.018 after a 60% rally in a few month.

“Good transfer on ZIL earlier, as we took out all of the highs.

That’s why I’ll be ready for these lows after which begin investigating for longs.”

At time of writing, ZIL is value $0.019.

As for the peer-to-peer funds community Litecoin (LTC), Van de Poppe says that the altcoin should keep above the 200-week exponential transferring common (EMA) to have a shot at rallying earlier than its subsequent halving occasion, which is slated for August.

“We’re a case that we’re at present retesting the 200-week EMA and that we’re absolutely a case to carry right here if we wish something to proceed to pursue to ensure that Litecoin going into the halving.”

At time of writing, LTC is buying and selling for $93.86, at present beneath the 200-week EMA which is hovering round $95.50.

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