The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Nicholas Merten Says Altcoin Cycle Approaching, Tracks State of Bitcoin, Ethereum and Litecoin

by Daily Hodl Staff
December 22, 2020
in Altcoins, Bitcoin

Popular crypto strategist Nicholas Merten is keeping a close watch on Bitcoin, Ethereum, XRP, and Litecoin.

In a new edition of DataDash, Merten maps out to his 363,000 subscribers the levels to watch for BTC.

“We are in uncharted territory. This is a first for where Bitcoin is in its price history. So, we can see here right now that we’re holding generally around [$22,250]. You can see we dipped a little bit lower here but right now we’re roughly holding the support range we’ve had back here through December 17th to the 18th and it will be a question here whether we can maintain this level.

If we do start to curve back over here [$21,900], I would feel a bit of a warning sign’s coming out of the market; that we are going to dip down and do something that a lot of people don’t want to see and that’s a breakdown towards $20,000 or to the upper $19,000 range where the official all-time highs were previously from the last cycle to make it new support.” 

Merten says that Bitcoin is already overextended and that we might see a shift in liquidity as investors rotate their profits into leading altcoins.

“Are we going to see altcoins start to see yet again altcoins start to take some of that market valuation, some of that liquidity, some of the market dominance? I really think that’s the case.”

The crypto strategist is looking at Ethereum (ETH/USD) and highlights that it is far from its all-time high.

“When I look at Ethereum, it’s in a much more healthy cycle. There’s not some absolute major overshoot. It’s not in its all-time highs.”

Merten also tracks the performance of Litecoin (LTC/USD) and notes. that the coin is maintaining its steady uptrend.

“Litecoin, holding up very healthily here. Nothing too crazy.”

Although the broader crypto market is currently going through a correction, Merten says that an altcoin season is in sight.

“What we saw back in the summer was not the altcoin cycle. We have yet to hit that altcoin cycle but we’re getting very, very close. We’ve had our precursor rallies in a lot of these altcoins and I can tell you all, you want to keep an eye on those major altcoins because some of them are starting to hold nicely.”

Merten emphasizes that LTC/BTC is trading near critical support at around 0.004 where it pumped 3x to 5x based on its historical price action. He’s also keeping a close watch on ETH/BTC which he says is also trading at a key support level.

“In this case, what we’ve got are discount opportunities where altcoins are really cheap right now. This is again where you see capital cycle in and out of different markets within the crypto space.”

I
Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at 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 be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of 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/Tithi Luadthong

Submit a Press Release

Industry Announcements

  • FIFA Rivals Launches Worldwide, Bringing Non-Simulation Arcade Football Action to Mobile Devices
    June 12, 2025
  • Polemos Announces TGE and a Game-Changing Strategic Partnership With BUFF Accelerating Web 3.0 Adoption
    June 12, 2025
  • Bitpanda Opens the Gate to Web 3.0 With Vision (VSN)
    June 12, 2025
  • tBTC Launches on Starknet, Expanding Bitcoin’s Role in Multi-Chain DeFi
    June 11, 2025
  • Allnodes Launches Bare-Metal Servers for Solana Validators and Builders
    June 11, 2025
  • Falcon Finance Announces Custody Integration With BitGo for USDf Synthetic Dollar
    June 11, 2025
  • Interactive Strength Inc. (Nasdaq: TRNR) Enters Into $500 Million Facility To Acquire AI-Focused FET Tokens and Launch Crypto Treasury Asset Strategy
    June 11, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$107,226.73
$107,226.73
1.95%
Ethereum
$2,629.34
$2,629.34
4.35%
BNB
$656.36
$656.36
1.3%
Solana
$156.85
$156.85
7.98%
XRP
$2.20
$2.20
2.08%

Spotlight

  • Analyst Says Bitcoin Has ‘Pretty Good’ Chance of Hitting Massive Price Target in 2026, Citing Three Technical Signals
    June 9, 2025
  • 36,659 Americans Warned As Data Breach May Have Exposed Names, Addresses, Social Security Numbers, Health Records, Bank Account Numbers and More
    June 9, 2025
  • Bitcoin Hoarder Stock Explodes on News of $5,400,000,000 Fundraising Plan for BTC Accumulation
    June 9, 2025
  • Rich Dad Poor Dad Author Warns ‘Civil War’ Has Begun, Calls for Saving Gold, Silver and Bitcoin for Protection
    June 9, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl