Price Analysis

Here’s What is Awaited for Ethereum(ETH), Avalanche (AVAX), Litecoin (LTC)!

Author: Sahana Vibhute

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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The weekends have proven more impactful in recent times as the trend has been reversing significantly over time. The star crypto, Bitcoin, and some of the popular altcoins have been displaying a potential long case. Meanwhile, a popular analyst, Michael van de Poppe, lists out some of the popular altcoins that have the potential to leapfrog in the upcoming week. 

Avalanche (AVAX) 

altcoin

Avalanche price has been incremental since the beginning of the monthly trade. After sustaining the crucial support, the price is believed to rise gigantically to reach the required levels beyond $16. 

“ I was looking for a long around $13 on AVAX.

I didn’t trigger it as I went for another crypto, but we’re eager for a test at $16-$17 if $13.75-$14.50 breaks,”

Litecoin(LTC) 

altcoin

Litecoin price underwent a giant move in the recent past, which raised the price levels from around $58 to as high as $78. Since then, the prices have been consolidating within a narrow range, which is expected to explode soon.

“Patiently waiting for an entry at $71 or $65, but doubt we’ll get it (probably depending on FOMC, CPI and PPI). 

Overall, I’m looking at these scenarios and expecting continuation to take place. Lower timeframes; Flip of $76 is a potential trigger,”

Polkadot (DOT) 

altcoin

Polkadot, conversely, has been stuck in a bearish trend and is expected to maintain a similar trend until the end of 2022. The DOT price could form constant lower highs and lows and reach lower support soon. 

“ I’m not interested here for trades, but I’m definitely interested for my investment portfolio as current values are extremely low. 

I’ll be looking for trades if the low is swept and a reclaim is happening with a bull div or $6 reclaim,”

BinanceCoin (BNB) 

altcoin

BinanceCoin price reached its peak, dropped below its initial levels in November, and also failed to reclaim those levels during the December trade. Hence displays an uncertain condition where-in the rally may take up any trend ahead. 

“Two levels of interest for this one as well. 

Reclaim of the level at $295 would trigger continuation.

Secondly, I’d be looking at a long around $265 if possible,”

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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