Popular crypto strategist and trader Michaël van de Poppe is considering two altcoins.
Furthermore, Van de Poppe explains that Litecoin could be forming a bullish higher-low setup against Bitcoin (LTC/BTC) at 0.0033 BTC or $190.38.
So, Michaël explains.
“Even Litecoin might be a great one at this point as we are seeking for a higher low to be…
“taking place. And when we go back in history and we create such a higher low,…”
“it is an argument to start running.
Then, Michaël continues.
“And back in history, we also know that in the first quarter of the year,…”
“Litecoin does really well.”
More so, Michaël notes how Litecoin is likely to start off rallies in the beginning of the year. Just exactly, as it is in Q1 of 2015 and the first quarters of 2017 to 2020.
Also, Michaël mentions Cosmos, which is a project “the internet of blockchains.”
Additionally, he reveals that Cosmos may be at the end of its corrective move. Particularly, against Bitcoin (ATOM/BTC) as it finds support at 0.00041 BTC ($23.65).
So, Michaël explains
“It has seen a beautiful move. Currently correcting heavily…”
“We might be correcting a little bit more but after such a heavy correction,…”
“as it has been doing here, the Bitcoin pair shows a period where we could be starting to have a reversal.
Lastly, Michaël concludes.
“And as you know, December is often a beautiful period for altcoins.”
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