Litecoin (LTC), Cosmos (ATOM) and The Sandbox (SAND) ready for takeoff
According to analyst Rekt Capital, three altcoins could soon be on a bullish trend. The well-known trader believes that litecoin (LTC), ATOM and SAND are all showing warning signs of an imminent rise. He shared his thoughts with his followers on Twitter.
A potential imminent rise in the litecoin price
The crypto analyst known by the pseudonym Rekt Capital enjoys a high profile on Twitter. The expert is followed by nearly 350,000 cryptophiles on the social network. And he’s not shy about sharing his analyses with his virtual community. Last April, Rekt Capital predicted a major trend change for bitcoin (BTC).
This time, the trader is focusing on three altcoins, all of which he believes are destined for an imminent rise. In a recent tweet, he states that litecoin, whose current value is $85.92, could soon see its price climb. “LTC successfully retested the blue top of the bull flag, allowing a return to the red-red range. LTC’s return to the red-red range means it could soon follow the rest of the red trajectory,” he asserted.
What about ATOM and SAND?
In addition to litecoin, Rekt Capital also predicts a bullish trend for ATOM. The Cosmos Hub blockchain’s native cryptocurrency is worth $9.26 at the time of writing. A value that could rise by more than 20%, according to the analyst.
He says: “The rally continues and ATOM continues to position for a favorable monthly close that could set the price up for a revisit of the $11 area over time.”
The third cryptocurrency whose price increase is imminent according to Rekt Capital is SAND. The token is currently worth $0.44, but the analyst believes this price could soon climb to $0.638. “SAND was able to recover black support and stage a rally of over 14%. In doing so, SAND could revisit the blue highs over time,” he asserted.
As a reminder, the SAND token is based on the Ethereum blockchain and powers The Sandbox metaverse. The Sandbox, which recently made some exciting announcements at NFC Lisbon, has been going from strength to strength since its launch.
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weeklyservice so you don't miss any of the essentials of Cointribune!
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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.