Altcoin Sherpa Lists 6 Altcoins That Look Strong At The Moment
According to crypto analyst and trader known as Altcoin Sherpa, a set of altcoins look ready for rallies, assuming that Bitcoin (BTC) does not lose value.
The crypto analyst shared with his 169.4K followers on Twitter that smart contract platform Terra (LUNA), the NFT marketplace LooksRare (LOOKS), and multi-chain liquidity hub Kyber Network Crystal (KNC) are looking strong.
He adds that THORChain (RUNE) could also be included in that list, and that Axie Infinity (AXS), and Solana (SOL) present best swing trades at the moment.
Swing trading is a speculative trading strategy in financial markets where a tradable asset is held for one or more days in an effort to profit from price changes or ‘swings.’
At time of writing, his listed crypto assets are priced as follows:
– Terra (LUNA): $93.29, up 2.2% on the daily
– LooksRare (LOOKS): $1.59 up 25% on the daily
– Cyber Network Crystal (KNC): $2.78 up 7.44% on the daily
– ThorChain (RUNE): $5.41, up 0.84% on the daily
– Axie Infinity (AXS): $55.48, down 0.74% on the daily
– Solana (SOL): $99.17, up 1.42% on the daily
Bitcoin (BTC)
Looking into Bitcoin (BTC), Altcoin Sherpa projects the largest digital asset by market cap to rise above $50,000.
“If this is anything like September then you’re not going to many pullbacks for a little bit; my guess is low/mid 50ks.
This vertical accumulation is in play but I would wait to see what happens around 46k; a key level in my opinion.”
$BTC: If this is anything like September then you're not going to many pullbacks for a little bit; my guess is low/mid 50ks. This vertical accumulation is in play but I would wait to see what happens around 46k; a key level IMO. #Bitcoinpic.twitter.com/3jPCim2Hxa
According to the analyst, $40,000 is a key level to watch for indicators of pullback.
“Watching 40k to see if we get a pullback. If this is like September then we’ll see vertical accumulation and Bitcoin is not going to dip (unless on low time frames) much at all for a bit.
I’m guessing I won’t get this in the short term.”
$BTC: Watching 40k to see if we get a pullback. If this is like September then we'll see vertical accumulation and #Bitcoin is not going to dip (unless on low time frames) much at all for a bit. I'm guessing I wont get this in the short term. pic.twitter.com/hHCiF2CC7H
