Van de Poppe: Litecoin (LTC) And Cosmos (ATOM) Could Be At Bottom

According to a leading crypto market analyst and trader Michaël van de Poppe, altcoins Litecoin (LTC) and Cosmos (ATOM) look to be bottoming out and getting ready to make upwards moves.

Litecoin (LTC)

In a recent video, Van de Poppe shared with his 149K subscribers on YouTube that Litecoin looks to be forming a bullish higher-low structure against its Bitcoin pair (LTC/BTC) at 0.0033 BTC.

“Even Litecoin might be a great one at this point as we are seeking for a higher low to be taking place. And when we go back in history and we create such a higher low, it is an argument to start running.

And back in history, we also know that in the first quarter of the year, Litecoin does really well.”

The analyst points out that Litecoin has in the past started rallies at the beginning of the year, such as Q1 of 2015 and Q1s from 2017 to 2020.

Cosmos (ATOM)

Van de Poppe is also looking into Cosmos, a project which many know as “the internet of blockchains.” Cosmos could looking at the end of its corrective move against Bitcoin (ATOM/BTC) as it finds support at 0.00041 BTC, the analyst says.

“It has seen a beautiful move. Currently correcting heavily. We might be correcting a little bit more but after such a heavy correction, as it has been doing here, the Bitcoin pair shows a period where we could be starting to have a reversal.

And as you know, December is often a beautiful period for altcoins.”