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Crypto Analyst Identifies ETH, BNB, and LTC Reversal Levels

A well-known expert is pointing out key price levels where he thinks crypto bulls will step in and cause Ethereum (ETH), Binance Coin (BNB), and Litecoin (LTC) to change direction.

In a new video update, expert Michal van de Poppe tells the 163,000 people who follow him on YouTube that Ethereum could go down even more if it can’t find support at $1,785.

“This entire area of $1,785 is something we need to sustain. Otherwise, we are going to look at a case that I think we are going to retest the area around $1,600 and have the reversal taking place.”

At the time this was written, ETH was being sold for $1,751. If the price of the top altcoin moves toward Van de Poppe’s reversal area, it could drop by more than 8%.

Van de Poppe looks at Binance Coin, the utility token of the world’s biggest cryptocurrency exchange, and says that BNB’s failure to stay above support at around $270 suggests that the altcoin is likely headed toward $200, where it could possibly turn around.

“We need to reclaim the area of [$270] in order to prevent a market breakdown. We did have this market breakdown, and now we’re looking at potentially taking this liquidity beneath the low here for Binance Coin before we are most likely going to reverse. So I’m looking at bids in this range ($200) if we’re going to get that.”

BNB is worth $237 at the time this was written.

Van de Poppe says that Litecoin, a peer-to-peer payments network, may be close to finishing its correction.

“I think if we are going to have a reversal taking place, this is the range that we’re looking at, perhaps towards $70 to $73. If that is going to be the case, then I think we’re going to have a swift rally back up.”

At the time this was written, LTC was worth $78.78.