Well-known crypto strategist and trader Michaël van de Poppe predicts that Cardano (ADA), Litecoin (LTC) and Zilliqa (ZIL) are almost ready to kick off the next phase of their bull cycles.
In a new video, the crypto analyst tells its 76,700 YouTube subscribers that Cardano is ripe to end its multi-month consolidation against Bitcoin (ADA / BTC).
“If we crack the range high, we will probably have a new impulse wave and keep walking. In a new wave of impulses, you should be aware of the fact that you have one [resistance to support] Flip that level at 0.0000235. When this happens we can see the continuation happen in general.“
Looking at the long-term chart, the trader adds that the ADA / BTC bull cycle is still in its infancy as he believes the pair has plenty of upside potential.
As for the ADA / USD pair, Van de Poppe says violating the pair’s immediate resistance will catapult Cardano as high as $ 2.40.
“I think as soon as we break that red line ($ 1.36) we will just cross the previous high, start consolidating and then continue when the previous breaker becomes the previous high as a support zone. As long as that tips, we’ll just keep moving. ”
The crypto strategist is also closely watching Litecoin, which he says is ready to start a 65% move against Bitcoin (LTC / BTC).
“Litecoin looks good for a bullish impulse wave. “
Another coin on Van de Poppe’s radar is Zilliqa, the blockchain for business solutions. According to the trader, ZIL / BTC is on a strong uptrend and is now ready to print profits of over 120% from the current price of 0.00000363.
“We are ready to start a new run, having just held the previous low, the critical level of support, and we are about to break the new high. I think we’re going to go through 500 satoshis (0.00000500) and make a runner towards 800 satoshis (0.00000800). “
Don’t Miss A Beat – Subscribe to send crypto email notifications straight to your inbox
follow us on Twitter, Facebook and Telegram
Surf the Daily Hodl Mix
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any high risk investments in Bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trades are done at your own risk and that any losses are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock / Bertrand Benoit