Top Analyst Predicts, 3 Altcoins To Keep An Eye On As The Year Begins
Three cryptocurrencies that are displaying signs of strength to start the year, according to a well-known crypto expert, are worth watching.
Pseudonymous analyst DonAlt tweets to his 448,700 followers that Litecoin is now his preferred alternative currency (LTC).
The cryptocurrency analyst believes that Litecoin (LTC/BTC) is bullish when compared to both the US dollar and Bitcoin.
“The BTC pair broke down only to reclaim the range low with gusto. As long as 0.00319 BTC ($53.05) holds, I’ll have to assume we’ll 4x to range high The USD pair also broke out, just not as strong BUT it’s gonna close the year strong. LTC halving [this] year too. A good coin.”
LTC is trading at $74.59 at the time of writing, up more than 7% in the previous day.
The privacy-focused cryptocurrency Monero is another one that traders are keeping an eye on (XMR). Monero is seeing relative strength versus Bitcoin, according to DonAlt (XMR/BTC).
“Looks very good against BTC as long as it holds the breakout level of 0.0073 BTC ($121.39).
The USD pair is less helpful. It’s in a huge range between ~$90 and ~$230.
Noteworthy strength, especially given the rest of the alt sector is basically down 90% against BTC.
At the time of writing, Monero is trading at $148.87, up 1.35% from the previous day.
Tron’s smart contract system is the final cryptocurrency on DonAlt’s list (TRX). The crypto expert claims that TRX already appears “amazing” when compared to Bitcoin (TRX/BTC).
“Rarely have I seen a better-looking high timeframe BTC chart coupled with such a meh-looking USD chart. I hate to say it but this is probably one of the coins to watch in 2023. Starts looking good against USD above $0.063.”
