- Popular cryptocurrency analyst Michaël van de Poppe makes a bullish prediction for Chainlink (LINK) and Litecoin (LTC).
- The analyst remains neutral on the leading cryptocurrency Bitcoin, which he expects to at least cross the $31,000 price mark.
The cryptocurrency market has sustained a significant level of volatility over the past weeks. This has resulted in several assets, losing momentum, as prices plummet. As sentiments become even more negative, permanent figures share their predictions and long-term expectations.
Michaël van de Poppe, a popular cryptocurrency investor, trader, and analyst, with nearly 700,000 followers on Twitter, seems to be optimistic about the future of a select few digital currencies. Poppe is particularly optimistic about Chainlink (LINK), which currently holds the position of the 22nd most valued cryptocurrency at this time.
In a recent tweet, the cryptocurrency analyst makes a bullish call, explaining that LINK is on the verge of starting a bullish price rally. Noting that ChainLink (LINK) is poised to surge even higher, the analyst is predicting that LINK will secure gains of more than 150 percent, leading to a new high of $15 in the long term. The analyst tweeted;
Chainlink is back in the range. Flipped $6 for support, through which we’re on the edge of taking out many highs and expansion to the upside.
At report time, it seems unlikely that LINK is well-positioned to outperform, as the analyst predicted earlier. Like many others, the altcoin is currently trading in the red zone.
Although Link has seen prices surge by pre than 5 percent over the last 7 days, the altcoin is trading at a press time price of $6.28, after shedding over 4 percent of its gains over the last 24 hours.
Can Bitcoin (BTC) sustain momentum above $31,000? The analyst makes a decent prediction
The analyst seems to also have an eye out for Litecoin (LTC), which he believes to be well-positioned for a price breakout. In the long run, Litecoin could surge as high as $180. If the bulls sustain momentum past these levels, Litecoin could trade at a staggering $250, the analyst asserted.
Litecoin looks great.
– Breaking through 200-week moving average and (200-week) exponential moving average.
– Breaking $100 resistance.
– New yearly highs.
Targets are $180 and $250 on this run, most likely first will be the end.
At report time, Litecoin is trading for $102, despite struggling to move past the red zone. However, Litecoin is still up by 20 percent over the last 7 days.
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Conclusively, the crypto analyst shared his thoughts on the apex cryptocurrency Bitcoin. Per his assertion, Bitcoin has been more stagnant than other assets. However, he hopes to see the big bull crack the $31,000 price mark.
Bitcoin is not moving that much, all focused on a few macro-economic events + bank holiday tomorrow. I’m keen to see whether Litecoin can sustain the rally and other Altcoins are following suit. Still expecting Bitcoin to crack $31K.