Van de Poppe Predicts Huge Rally For Litecoin Before The Bull Cycle Ends
A top crypto market strategist and pro-trader, Michaël van de Poppe, has a massive target for Litecoin (LTC) by the end of the bull cycle. He also draws potential scenarios for two low-cap altcoins OMG Network (OMG) and ICON (ICX).
Litecoin (LTC)
In a recent video, Van de Poppe shared with his 142,000 subscribers on YouTube that peer-to-peer payments network Litecoin could soar 286% before the current bull cycle ends.
“When we’re getting expansion happening in the next bull cycle of Litecoin, we could be seeing the Fibonacci extension taking place here once again.
And then the 1.618 [level] is $600, and the second one will probably chase toward $1,000. So yes, I’m very bullish on those older altcoins, especially given the structure that they are giving us.”
Litecoin is trading at $259, at time of writing.
OMG Network (OMG)
Another coin on the analyst’s radar is the utility token OMG of OMG Network. OMG Network is an enterprise solution for secure and fast transfers on Ethereum.
The analyst shared with his 479.6K followers on Twitter followers that OMG Network has potential to rally 108% against Bitcoin (OMG/BTC) assuming it holds support at 0.00024 BTC.
“Crucial support is the green zone, that should hold. If that holds, we might see continuation towards the upper level in the red zone (1.618 Fibonacci extension).”
Van de Poppe is also looking into the native token of hybrid blockchain platform ICON (ICX).
According to the trader ICON is preparing for a 65% rally against Bitcoin (ICX/BTC) as the pair seems ready to rise to its immediate resistance at 0.000053 BTC.
