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

Popular Crypto Strategist Says One Large-Cap Altcoin Well-Positioned for New Year Rally, Updates Outlook on Bitcoin

by Daily Hodl Staff
January 2, 2023
in Altcoins, Bitcoin, Trading

A widely followed analyst is predicting a surge for one large-cap altcoin as the crypto markets grace a new year.

The pseudonymous analyst known in the industry as Rekt tells his 331,200 Twitter followers that peer-to-peer payments protocol Litecoin (LTC) closed 2022 on a high note.

“LTC is successfully retesting the top of its historical accumulation range (green) as support.

Monthly close above this green box and LTC will be well-positioned for upside in the new year.”

Image
Source: Rekt/Twitter

Litecoin closed December around $70, above Rekt’s historical accumulation range. At time of writing, LTC is changing hands for $74.59, a 7.45% increase on the day.

Looking at Bitcoin (BTC), Rekt predicts that the king crypto will print a bear market bottom close to $16,000.

“BTC has yearly closed 2022 at ~$16,000.

Historically, wherever BTC begins its new candle three, [it] tends to be very close to where the ultimate bottom forms.

The bottom will be very close to ~$16,000.”

Image
Source: Rekt/Twitter

Rekt’s analysis is based on Bitcoin’s four-year-cycle theory, a set of principles that attempts to predict the future price action of the king crypto by following BTC’s halving events. The next halving, which would cut rewards issued to Bitcoin miners from 6.25 BTC to 3.125 BTC, is scheduled to take place sometime in 2024.

According to Rekt, the third portion of the cycle (candle three) is when BTC historically ends its bear market. The crypto analyst predicts that BTC could end 2023 anywhere between $22,300 and $32,400.

At time of writing, Bitcoin is trading at $16,738, an over 1% increase on the day.

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/EB Adventure Photography/Sashkin

Submit a Press Release

Industry Announcements

  • R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking
    June 17, 2025
  • Avail Goes Full Stack To Capture $300 Billion Global Blockchain Infra Market
    June 17, 2025
  • Fans Hash Launches Zero-Barrier Cloud Mining With Daily Payouts and Global Pool Access
    June 16, 2025
  • Universal Digital Inc. Announces Bitcoin Treasury Strategy Across North America and Asia
    June 16, 2025
  • 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
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$105,699.32
$105,699.32
0.94%
Ethereum
$2,560.36
$2,560.36
2.11%
BNB
$655.84
$655.84
0.05%
Solana
$150.30
$150.30
3.39%
XRP
$2.22
$2.22
1.42%

Spotlight

  • $947,000 Allegedly Stolen From Wells Fargo ATM Machines As Employee Scrambles To Cover Trading Losses: Report
    June 10, 2025
  • Nasdaq Includes XRP, Stellar (XLM), Solana (SOL) and Cardano (ADA) in Firm’s Crypto Index
    June 10, 2025
  • BlackRock Bitcoin Fund Flies Past $70,000,000,000 Faster Than Any Other ETF in History: Bloomberg Analyst
    June 10, 2025
  • Man Sentenced to Federal Prison for Leading Widescale Check Fraud Scheme That Resulted in $165,743 in Losses
    June 10, 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