Credible Crypto Projects New Rallies For Bitcoin, XRP And Litecoin
According to a leading crypto analyst, known as Credible Crypto, Bitcoin (BTC), XRP and Litecoin (LTC) are likely keep up their bullish momentum regardless of recent market volatility.
Bitcoin (BTC)
The analyst shared with his 320.4K followers on Twitter that Bitcoin might visit $42K levels, before moving up again.
“With this last weekly close, we have reclaimed a very significant level. The last 4 times we closed above or below this level on HTF (high time frame), we have moved to the opposite end of the range over a number of weeks. Expecting the same this time – a retest of low $40k’s and continuation up. BTC.”
With this last weekly close we have reclaimed a very significant level. The last 4 times we closed above or below this level on HTF we have moved to the opposite end of the range over a number of weeks. Expecting the same this time- a retest of low 40k's and continuation up. $BTCpic.twitter.com/8djSsW71Ok
According to Credible Crypto’s chart, he projects BTC to rise above $50K after the slight dip.
At the time of writing, Bitcoin is trading at $45,909.
XRP
Moving on to XRP, the analyst says that it seems ready to move above $1.00 after forming a bullish higher low setup.
“Taking a bit longer than expected but still on track. Higher low put in and grinding up. May see some lower timeframe volatility but I do think we hold our higher low and continue up from here. XRP.”
Taking a bit longer than expected but still on track. Higher low put in and grinding up. May see some lower TF volatility but I do think we hold our higher low and continue up from here. $XRPhttps://t.co/FObnhecLmgpic.twitter.com/wt33wGTtk8
The analyst has outlined two targets for XRP, first just above $1.00, and second at $1.5-$1.6 level.
At the time of writing, XRP trades at $0.83.
Litecoin (LTC)
The third digital asset on Credible Crypto’s list is Litecoin (LTC), designed to provide fast, secure and low-cost payments.
The analyst notes that LTC’s chart looks very similar to the market structure of Zilliqa (ZIL), just before it launched a massive rally.
“ZIL up nearly 6x in two weeks and LTC seems to be setting up similarly from a technical perspective… This next leg up across the board is gonna be fun.”
$ZIL up nearly 6x in two weeks and $LTC seems to be setting up similarly from a technical perspective…this next leg up across the board is gonna be fun ? pic.twitter.com/yu6yKaYvyf
