- Pseudonymous trader, Rekt Capital, predicts bullish trends for Litecoin (LTC), Cosmos (ATOM), and The Sandbox (SAND), setting specific price targets for each.
- Litecoin might soon follow a trajectory that could push its price as high as $110, Cosmos might see a rise of over 20% from its current value, and The Sandbox could surge to the $0.638 range.
Leading crypto analyst Rekt Capital is forecasting promising upside movement for three altcoins, namely Litecoin (LTC), Cosmos (ATOM), and The Sandbox (SAND). The anonymous trader’s insightful predictions are shared with his substantial following of 347,200 Twitter enthusiasts.
For Litecoin, a decentralized peer-to-peer payment network, the analyst believes a new price phase is forthcoming. He suggests that Litecoin’s successful retest of the blue bull flag top has paved the way for a re-entry into the red-red range. This return, as he articulates, could set the stage for Litecoin to track the remainder of the predicted red path, potentially pushing its price up to $110. Currently, Litecoin, the 12th-ranked cryptocurrency by market capitalization, trades at $87.25, witnessing a slight dip of 1.29% in the last 24 hours.
Turning his attention to Cosmos, an intricate network of interoperable blockchains designed for optimal scalability, Rekt Capital expresses bullish sentiments. According to his analysis, Cosmos continues to gear up for a favorable monthly closure that could trigger a price escalation, potentially revisiting the $11 mark. The 26th-ranked digital asset currently trades at $9.16, down nearly 4% in the past day.
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Lastly, the crypto trader casts an optimistic outlook on The Sandbox, a crypto token oriented towards the expanding metaverse. Following its successful reclaim of black support and a subsequent 14% rally, he projects that The Sandbox might be set for a potential surge to the $0.638 range. At the moment, The Sandbox, positioned 53rd by market cap, is trading at $0.425, down nearly 4% over the last day.
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