- Ethereum’s competitor Avalanche (AVAX) shows signs of bullishness and is expected to experience a cooldown period before a potential upward surge.
- Zilliqa (ZIL) has witnessed a significant rally, and the crypto strategist anticipates a pullback before considering long positions.
A widely followed crypto strategist, Michaël van de Poppe, has shared insights on the price movements of several cryptocurrencies, including Avalanche (AVAX), Zilliqa (ZIL), and Litecoin (LTC). Let’s delve into the details:
Avalanche (AVAX): Van de Poppe, with a substantial Twitter following of 660,000, highlights the bullish outlook for Avalanche. AVAX recently surpassed the resistance level at $14, indicating a potential move to the upside. The strategist anticipates a consolidation phase following this breakthrough, suggesting that purchasing opportunities may arise in the range of $12.70 to $12.95. Van de Poppe believes that AVAX could potentially reach $16 in the near future.
Zilliqa (ZIL): Van de Poppe also provides insights on Zilliqa, a blockchain designed for enterprise solutions. After experiencing a notable 60% rally in approximately one month, ZIL is likely to undergo a pullback. Van de Poppe suggests that waiting for lower price levels, around $0.018, before considering long positions could be a prudent approach. This retracement may present a chance for interested investors to join the ZIL market.
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Litecoin (LTC): Van de Poppe emphasizes the importance of the 200-week exponential moving average (EMA) for Litecoin. LTC is currently below this crucial level, which is around $95.50, and is trading at $93.86. To establish a potential rally leading up to its upcoming halving event in August, Litecoin must remain above the 200-week EMA. The crypto strategist highlights the ongoing retest of this level and the significance of holding it for Litecoin’s future prospects.
In conclusion, Michaël van de Poppe, a prominent crypto strategist, shares his insights on the price movements of Avalanche (AVAX), Zilliqa (ZIL), and Litecoin (LTC). AVAX shows bullish potential, ZIL may experience a pullback before potential long positions, and LTC’s performance hinges on staying above the 200-week EMA. Investors and enthusiasts closely following these cryptocurrencies will be keen to monitor these developments in the coming days.
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