Analyst Maps Next Levels For ADA, XRP, EOS, LTC & ATOM
Popular analyst, Michael van de Poppe, informs his 624,800 Twitter followers that as the community awaits Cardano’s most anticipated upgrade, it is important to note that this event might fuel Cardano’s ADA to reclaim new heights.
The analyst claims that Cardano could hit $0.55 and $0.75- price levels that have not been seen since February 2022. This kind of surge is likely to happen because of the upgrade that is scheduled this month.
Request 01 – $ADAOlder coins are starting to show strength. $EOS broke out, $LTC is moving, and $XRP looks ripe for a breakout.Cardano has the hard fork coming up and has a beautiful retest of support, confirming a double bottom.Targets; $0.55 and $0.75. — Michaël van de Poppe (@CryptoMichNL) September 3, 2022
At the time of publication, Cardano is selling at $0.48 with a fall of 3.75% over the last 24hrs.
Van de Poppe talks about XRP and says that the currency will most likely see a breakout against Bitcoin (XRP/BTC).
He adds that XRP will see a surge above 0.000017 BTC – which is $0.34- and hit a target of 0.000022 BTC -which is $0.44.
Request 04 – $XRPThis one is looking ready to follow $EOS & $LTC.Squeeze between 50-MA and 200-MA.Brak above 1700 sats and target at 2200 sats seems likely. — Michaël van de Poppe (@CryptoMichNL) September 3, 2022
Currently, XRP is trading at $0.32 after a drop of 2.03% over the last 24hrs.
The next altcoin that has popped up on the trader’s list is a smart contract protocol EOS (EOS). As per the strategist, EOS price action will move towards the support of $1.35 prior to visiting the next target at $2.
He asks his followers to stay strong as there is always a retest in a market correction.
Request 03 – $EOSShared this one earlier.Avoid chasing pumps, especially in these market conditions.Retests always happen.A beautiful retest took place and now some more consolidation before another test at $2 is likely going to happen. — Michaël van de Poppe (@CryptoMichNL) September 3, 2022
At the time of reporting, EOS is valued at $1.44 followed by a plunge of 3.05% in the last 24hrs.
While talking about an open source software project, Litecoin (LTC), Van de Poppe predicts a slight backward action before LTC spikes by 35%.
He then says that the currency tossed a 50-day moving average while the currency sticks above $59. He asserts that if Litecoin maintains this, the currency will claim the $80 area.
Request 02 – $LTCFlipped above 50-Day MA.Looking for strength and continuation here by holding above $59.If so, then $80 is next. Old coins are looking good. — Michaël van de Poppe (@CryptoMichNL) September 3, 2022
At the moment, Litecoin is changing hands at $59.85 with a downfall of 0.32% in the last day.
The last currency that has caught the expert’s attention is Cosmos (ATOM), a blockchain that is designed to scale and communicate with other blockchains. Van de Poppe reveals his bullish approach towards ATOM and says the currency is on positive trade unless it hangs above $11.
He predicts that if ATOM maintains above the support area of $11, the currency will easily head towards the $17 and $18 price levels.
Request 05 – $ATOMVery strong on the price action. Also looking to see continuation here, and above $13 expansion and acceleration seems likely.A crucial area to hold is around $11. If that sustains, $17-18 next. — Michaël van de Poppe (@CryptoMichNL) September 3, 2022
At the time of writing, ATOM is trading at $12.72 down by 0.42% in the last 24hrs.Source