Michaël van de Poppe Is Bullish On Ethereum, Litecoin and 2 Altcoins

Michaël van de Poppe, a widely-followed cryptocurrency trader and analyst draws bullish scenarios for Ethereum, Litecoin and two additional altcoins (SPX and ALGO) as Bitcoin continues to trade sideways.

Don’t Underestimate Ethereum

The analyst shares with his 352K Twitter followers in a recent tweet that he’s closely following Ethereum against Bitcoin (ETH/BTC).

ETH/BTC is ready for a 25% surge as long as it prints a bullish higher low setup, says van de Poppe.

“A correction on ETH/BTC isn’t bad. Seeking for another higher low at 0.06 or 0.063 before continuation towards 0.075 BTC could happen. ETH 2.0 is coming up. EIP-1559 too. People underestimate ETH.”

A correction on $ETH / $BTC isn't bad.

Seeking for another higher low at 0.06 or 0.063 before continuation towards 0.075 $BTC could happen.

ETH 2.0 is coming up.
EIP-1559 too.

People underestimate $ETH. pic.twitter.com/MRovU6rgGT
— Michaël van de Poppe (@CryptoMichNL) July 8, 2021

Litecoin Could Recover $280

Peer-to-peer payments network Litecoin (LTC) is the second asset the trader’s radar is bullish on. He believes is ready to recover $280 levels, assuming it stays above crucial support at $100.

“I think the altcoins are close to a bottom too. Litecoin and other altcoins reject a crucial level of resistance, but they are seeking a bit more confirmation before the trend can shift. A higher low or double bottom will do with bullish divergence.”

I think the #altcoins are close to a bottom too.#Litecoin and other altcoins reject a crucial level of resistance, but they are seeking a bit more confirmation before the trend can shift.

A higher low or double bottom will do with bullish divergence. pic.twitter.com/lfLXcU1jaH
— Michaël van de Poppe (@CryptoMichNL) July 8, 2021

Swipe (SXP)

Van de Poppe predicts that payments platform Swipe’s native token (SXP) has potential to rally over 116% against Bitcoin (SXP/BTC) to 0.00013. But it needs to take out key resistance around 0.00006.

“Nothing has changed on Swipe. I’m still expecting that a bull cycle is around the corner. Breaking the 100-Day MA (moving average), and it should be fine.”

Nothing has changed on #Swipe.

I'm still expecting that a bull cycle is around the corner.

Breaking the 100-Day MA and it should be fine. pic.twitter.com/uFfIENbGNx
— Michaël van de Poppe (@CryptoMichNL) July 9, 2021

Algorand (ALGO)

A cryptocurrency for payments and a blockchain for decentralized finance applications, Algorand must breach key resistance around 0.000029 against Bitcoin (ALGO/BTC) to surge to as high as 0.000042, says the analyst.

“Algorand looks good for a bullish breakout.”