Litecoin (LTC) and Ether (ETH) expected to experience imminent surge, according to Michaël van de Poppe
What surprises does the crypto market hold for us? While it is impossible to answer this question with certainty, analysts cannot resist making predictions and speculations. Michaël van de Poppe is one of those experts who taps into his knowledge to examine possible scenarios and shares his conclusions with his numerous followers. His latest prediction suggests a potential upward trend for two cryptocurrencies: Litecoin (LTC) and Ether (ETH).
Litecoin (LTC) price: Surging to unprecedented heights since 2021?
Michaël van de Poppe made headlines last May by predicting a surge for Bitcoin amidst a banking crisis. Tireless, the renowned analyst now turns his attention to two altcoins.
In a recent video published on his YouTube channel, he first predicts a breakthrough for Litecoin (LTC). And the catalyst for this potential surge is none other than the upcoming halving, according to Michaël van de Poppe.
He states, “Litecoin (LTC) is also doing very well. It is destined for a breakout. I believe the halving will occur in (August), which means we still have six to eight weeks before it takes place. I think a very strong rally is certainly likely if it surpasses $100. If it goes beyond $100…, then I suppose it will peak around $160 to $180.”
While we wait for Michaël van de Poppe’s envisioned scenario to unfold, the price of Litecoin (LTC) is currently at $88.37 (at the time of writing this article).
Ether (ETH) not falling behind?
Further into his analysis, Michaël van de Poppe asserts that Ether might follow in Litecoin’s (LTC) footsteps. According to the expert, ETH could also appreciate in value. For this to happen, it is crucial for it to maintain its resistance level at $1800.
Michaël van de Poppe believes that if it manages to surpass the immediate resistance at $1903, it can skyrocket and reach $2800. Meanwhile, Ether (ETH) is trading at $1846.41.
Michaël van de Poppe’s prediction should delight holders of both cryptocurrencies. But be cautious not to rejoice too soon because another equally renowned analyst, Benjamin Cowen, predicts a decline in altcoins.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.