Closely followed crypto analyst Michaël van de Poppe says Litecoin (LTC), Polygon (MATIC) and Fantom (FTM) are positioned for rallies.
The popular analyst tells his 643,300 Twitter followers that Litecoin will likely continue to move to the upside after a possible dip.
He says Litecoin could increase by more than 22% from its current value of $68.71 at time of writing.
“Litecoin shows strength, and probably will continue to show strength. I’m interested in the $69 range for some scalp trades. Further, primarily, looking for an option around $66.75 for longs, then targeting $78 and $84 next.”
Next, he says MATIC is likely to reclaim the $0.84 price level after dipping below $0.80. At time of writing, MATIC is valued at $0.806.
“Level hit on this one, I’m assuming we’ll be continuing towards $0.84 after a nice bounce.”
He says Fantom held critical support at the $0.19 price level and is moving around the critical resistance price level of about $0.20. He says FTM is likely to reach a price of up to $0.235 if it reclaims the price range of $0.2075-$0.210.
“This one shows a sideways range for the past 12 days. Testing the highs continuously. Entry is gone, that’s the flip at $0.20. However, breaking and reclaiming $0.2075-$0.21 is a trigger towards $0.225 and $0.235.”
At time of writing, FTM is changing hands at $0.202.
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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.
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