High-profile crypto strategist and trader Michaël van de Poppe is predicting that Cardano (ADA), Litecoin (LTC), and Zilliqa (ZIL) are almost ready to ignite the next phase of their bull cycles.
In a new video, the crypto analyst tells his 76,700 YouTube subscribers that Cardano is ripe to end its multi-month consolidation against Bitcoin (ADA/BTC).
“If we do crack the range high, I think we’re going to have a new impulse wave and start to continue running. In a new impulse wave, you should be aware of the fact that you have a [resistance to support] flip of this level at 0.0000235. If that happens, we can see continuation happening in general.“
Looking at the long-term chart, the trader adds that the bull cycle of ADA/BTC is still in the early innings as he believes the pair has a lot of upside potential.
As for the ADA/USD pair, Van de Poppe says that a breach of the pair’s immediate resistance will catapult Cardano to as high as $2.40.
“I think once we break this red line ($1.36), we just overshoot the previous high, start consolidating and then start continuing as then the previous breaker becomes the previous high as a support zone. As long as that flips, we just continue moving.”
The crypto strategist is also keeping a close watch on Litecoin, which he says is poised to ignite a 65% move against Bitcoin (LTC/BTC).
“Litecoin looks great for a bullish impulse wave.”
Another coin on Van de Poppe’s radar is Zilliqa, the blockchain for enterprise solutions. According to the trader, ZIL/BTC is in a strong uptrend and it is now ready to print gains of over 120% from its current price of 0.00000363.
“We are ready to make a new run as we just held the previous low, the crucial level of support, and we’re about to break the new high. I think we’re going to run through 500 satoshis (0.00000500) and we’re going to make a runner towards 800 satoshis (0.00000800).”
l
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxFollow us on Twitter, Facebook and Telegram
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 loses 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/Bertrand Benoit
