A widely followed crypto trader thinks Litecoin (LTC), Cosmos (ATOM) and the Sandbox (SAND) are all gearing up for moves to the upside.
The pseudonymous analyst Rekt Capital tells his 347,200 Twitter followers that the peer-to-peer payments network Litecoin is setting itself up for a new price phase.
According to the trader, Litecoin could soon follow a path that propels LTC to as high as $110.
“LTC has successfully retested the blue bull flag top which has enabled a return into the red-red range. LTC returning into the red-red range means that it could soon follow the remainder of the red path.”
Litecoin is trading at $87.25 at time of writing. The 12th-ranked crypto asset by market cap is down 1.29% in the past day.
Rekt Capital is also bullish on Cosmos, an ecosystem of blockchains designed to scale and communicate with each other. According to the trader, ATOM could rise over 20% from current prices.
“The upside continues and ATOM continues to position itself for a favorable monthly close which could set price up for a revisit of the $11 area over time.”
ATOM is trading at $9.16 at time of writing. The 26th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours.
Additionally, the trader predicts the metaverse-focused altcoin The Sandbox could surge all the way up to the $0.638 range.
“SAND was able reclaim black support and rally +14%
In doing so, SAND could revisit the blue highs over time.”
SAND is trading at $0.425 at time of writing. The 53rd-ranked crypto asset by market cap is down nearly 4% in the past day.
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