- Michaël van de Poppe, a well-known crypto strategist, forecasts potential growth for Litecoin, XRP, and Pepe as digital asset markets exhibit signs of revival.
- Despite Litecoin’s anticipated halving, the crypto currently deviates from the typical price rally pattern, generating curiosity among investors and analysts.
As the crypto markets make a resurgent comeback, seasoned analyst Michaël van de Poppe has provided a detailed analysis on the potential trajectories of Litecoin (LTC), XRP, and Pepe (PEPE). Based on the expert’s predictions, these cryptocurrencies seem poised for upward momentum.
Litecoin, the peer-to-peer digital payment network, is anticipated to approach its 2023 high of around $103. Van de Poppe suggests a potential correction post this surge before a continuation towards an optimistic target of $180, provided a successful breakout above recent highs. At press time, Litecoin is being traded at $88.43.
Next, we turn our attention to the cross-border digital payment solution, XRP. The expert’s forecast indicates that if XRP can successfully turn the $0.5025 resistance level into a support level, it could spark a rally towards the highs. XRP currently sits at $0.488.
The last currency under van de Poppe’s scanner is the memecoin, Pepe. In an interesting observation, the crypto analyst suggests that PEPE could see significant accumulation if its value falls by roughly 13% from its current price point. Pepe’s market price, at the time of writing, stands at $0.00000156.
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Moving to Litecoin’s peculiar behaviour, its price usually experiences a rally weeks before a halving event. However, this time, even with the third halving less than five weeks away, Litecoin seems to be an anomaly, maintaining a steady price around $87 instead of the anticipated surge.
This halving event, scheduled for August 2, will see Litecoin’s block rewards halve from 12.5 to 6.25, a software change occurring approximately every four years. Despite Litecoin’s unusual stance in this halving event, some bulls persist, believing a rally for LTC could be sparked from the support level of $85.56.
Lastly, the meme token, PEPE, shines amidst the crypto market’s recovery, notching an impressive 63% increase in value since the rebound commenced. Despite the price rally, it’s worth noting that the surge might not necessarily reflect a wider market perception, but rather a restructuring of capital within the PEPE ecosystem. In such cases, not all rallies signify the same level of market health and value appreciation, highlighting the need for investor discretion.
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