The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • 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
    • Crypto 101
  • 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

Top Crypto Trader Says Things Are Still Fine for Bitcoin (BTC) While Keeping a Watchful Eye on Litecoin (LTC)

by Daily Hodl Staff
May 25, 2023
in Altcoins, Bitcoin

A widely followed crypto analyst thinks king crypto Bitcoin (BTC) is still fine as he updates his outlook on Litecoin (LTC).

Crypto trader Michaël van de Poppe tells his 557,200 Twitter followers that BTC’s most recent correction is healthy in an overall upward trend.

“If you look at the higher timeframes for Bitcoin, things are still fine.

Healthy correction in an uptrend, approaching many support levels.

Rather than expecting $12,000, it’s important to look at what might be support around here.”

Source: Michaël van de Poppe/Twitter

Furthermore, if BTC bounces back toward the $26,600 level today, then Van de Poppe thinks BTC traders have already witnessed Bitcoin’s local low.

“Bitcoin still swimming around the lows. Last night we’ve seen a sweep of the low at $26,100, no sweep of $25,800 yet.

Today is probably the decisive day for trend-based perspectives. 

If we run back up to $26,600, I think we’ve seen the low.

Looking at longs.”

Source: Michaël van de Poppe/Twitter

BTC is worth $26,245 at time of writing, down 4.4% in the last seven days.

Moving on to peer-to-peer crypto Litecoin, Van de Poppe says the markets are barely showing any interest in LTC despite its upcoming halving.

“Litecoin getting into an interesting area, through which I’d like to see whether $80-83 sustains as support.

Halving is coming up and barely any interest has been shown by the markets. 

Might pace up if Bitcoin finds itself into a low.”

Source: Michaël van de Poppe/Twitter

LTC is worth $84.72 at time of writing, down 10% in the last seven days.

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

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
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/Zvereva Yana/Natalia Siiatovskaia

Submit a Press Release

Industry Announcements

  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$39,583.61
$39,583.61
0.82%
Ethereum
$2,168.81
$2,168.81
0.87%
Cardano
$0.389921
$0.389921
0.47%
XRP
$0.620433
$0.620433
0.46%
Dogecoin
$0.084581
$0.084581
0.45%

Spotlight

  • Top Trader Who Nailed 2018 Bitcoin Bottom Outlines BTC Roadmap to $60,000 – Here’s His Timeline
    November 26, 2023
  • Vivek Ramaswamy Says US Government Feels Threatened by Bitcoin, Promises To Bring Up BTC at Republican Debate
    November 26, 2023
  • Investing Legend Charlie Munger Wrong About Bitcoin, According to Pantera Capital’s Dan Morehead – Here’s Why
    November 26, 2023
  • Crypto Analyst Predicts Rallies for Two Ethereum-Based Altcoins, Updates Forecast on Bitcoin (BTC)
    November 26, 2023
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 © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • 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

© 2023 The Daily Hodl