- Bluntz says BTC is expected to resume its downward trajectory.
- Additionally, Bluntz suggests that Litecoin is showing signs of reaching its target of $100.
The cryptocurrency market has recently garnered significant attention in the financial realm, becoming a focal point of discussion. Cryptocurrency analyst who accurately predicted Bitcoin’s bear market bottom in 2018 has turned their attention to two low-cap altcoins.
Using the pseudonym “Bluntz,” the crypto analyst revealed to their large Twitter following that The Graph (GRT), a blockchain-indexing protocol, seems to be displaying a similar price pattern to Bitcoin earlier this year. Bluntz foresees a short-term recovery for Bitcoin, albeit temporary, but believes this surge will be short-lived.
According to his prediction, BTC is expected to resume its downward trajectory, eventually settling at a price level near the low $20,000 range. As stated by Bluntz, The Graph (GRT) has recently surpassed an ascending channel and appears ready to rally toward its projected target of $0.135.As of press time, $GRT is trading at $0.1344.
beautiful channel breakout on $GRT after slow grind up, last time i saw this exact structure/pattern was the btc 17k breakout before it ran to 31k.
i love this pattern, am long and strong on $GRT
trade it with me on bybithttps://t.co/zHX9WYRMOM pic.twitter.com/QqCsn2juoJ
— Bluntz (@Bluntz_Capital) May 28, 2023
Another altcoin that caught the attention of Bluntz is Fetch.ai (FET), a decentralized machine-learning network. Bluntz believes that FET exhibits a bullish outlook, having experienced a bounce near the 0.786 Fibonacci level. FET is worth $0.27 at the time of writing.
solid reaction down here on $FET daily chart.
The left curve ape in me is wondering if it can catch some of the hype in AI stocks. pic.twitter.com/4a2V6Jkd5C
— Bluntz (@Bluntz_Capital) May 27, 2023
Bluntz has also included Litecoin (LTC), a peer-to-peer payments network, in the list of altcoins. Bluntz suggests that Litecoin is showing signs of reaching its target of $100, as it has found support near the 0.618 Fibonacci level.LTC is currently trading at $89.16.
beautiful reaction from the 0.618 on $ltc, next stop around the $100 resistance imo then well re evaluate from there pic.twitter.com/snVdKvAs3V
— Bluntz (@Bluntz_Capital) May 28, 2023
According to Bluntz, there is a belief that numerous traders are currently observing from the sidelines, despite the emergence of bullish indications in the cryptocurrency market.
Analysis On The Graph (GRT),Fetch.ai (FET), And Litecoin (LTC)
The Graph Token (GRT) represents the intrinsic ERC-20 digital currency within The Graph network.GRT has seen an increase of 3.46% in the past 24 hours, with a Market cap of $1.19 B and volume of $82.12 M. The recent performance of the coin shows a decline of 4.7% over the last five days, followed by a decrease of 9.6% in the past 30 days. However, in the broader context of the last six months, it has achieved a positive growth of 32.9%.
On the second Coin, Fetch.AI Token (FET) is an ERC-20 token within the Fetch.AI network, facilitating transactions and supporting network operations. Notably, in the last 24 hours, FET declined by 3.08%. The total market cap and volume recorded of the coin are $219.48 M and $75.72 M, respectively.
Over the past six months, the performance of the asset has been remarkable, with an impressive gain of 318.1%. However, in the last five days, it recorded a modest increase of 4.4%; over the previous month, it experienced a decline of 31.3%.
Last on the list is LTC, a decentralized worldwide payment network. On the coin market cap, the coin is ranked at number 12. In the last 24 hours, the LTC has had a downturn of 4.40%. The coin has recorded a market capitalization of $6.50 B and a total volume of $6.50 B. It is worth noting that Over the past 24 hours, the price of LTC has experienced a marginal movement of 1.1873 USD or 0.01%. Concurrently, a total trading volume of 188,908,772 USD worth of LTC has been recorded across multiple exchanges.
