Popular ‘people’s’ crypto strategist says Litecoin (LTC) could have an epic rally before the network goes through halving next year
Analyst alias Rekt tells his 329,900 Twitter followers that Litecoin is showing signs of strength on a higher timeframe after rising above its long-term accumulation level.
According to the crypto strategist, the LTC rate can repeat the price movement of 2019, when it rose from $70 to $146 in just a few months.
“LTC last showed a monthly close above the green historic accumulation area prior to its August 2019 halving (blue)…
LTC is approaching orange resistance, peaking shortly before the Litecoin halving.”
Based on the analyst’s chart, he seems to be predicting a rally to
$120, which implies Litecoin upside potential of over 70%.
Regarding Ethereum (ETH), Rekt says the leading smart contract platform is trading in a wide range on the monthly chart and says it needs to hold a key support level to avoid another selloff.
Another altcoin on the radar of traders is the decentralized oracle network Chainlink (LINK). According to the crypto strategist, the next few days are critical for Chainlink as it needs to restore high timeframe support to avoid another corrective move.
Next up is the Aave Decentralized Lending and Borrowing (AAVE) protocol, which the expert says is poised for a deep pullback.
The last coin on the list of traders is the Ethereum Classic (ETC) fork. Rekt writes that ETC is likely moving towards its historical support level around $13.
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