Are you keeping a close watch on the crypto markets, searching for the next big opportunity? Well, you’re not alone! Popular crypto strategist Michaël van de Poppe is also on the lookout, and he’s got his eyes firmly set on two altcoins that could be gearing up for some exciting moves: Litecoin (LTC) and Cosmos (ATOM).
Litecoin: Is History About to Repeat Itself?
Van de Poppe highlights an interesting setup forming for Litecoin against Bitcoin (LTC/BTC). He suggests Litecoin could be establishing a bullish ‘higher-low’ around 0.0033 BTC, which translates to roughly $190.38. But what does this mean, and why should you care?
Let’s break it down:
- Higher-Low Setup: In technical analysis, a ‘higher-low’ is a pattern where the price of an asset makes a low that is higher than its previous low. This can signal a shift in momentum from a downtrend to a potential uptrend.
- Historical Patterns: Van de Poppe points to Litecoin’s historical performance, noting a tendency for LTC to perform exceptionally well in the first quarter of the year. He specifically mentions Q1 of 2015 and the periods from 2017 to 2020.
Here’s what Michaël van de Poppe himself said:
“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. And back in history, we also know that in the first quarter of the year, Litecoin does really well.”
So, is Litecoin poised to repeat its historical Q1 performance? While past performance isn’t a guarantee of future results, these historical trends, combined with the potential higher-low setup, certainly make a compelling case for keeping Litecoin on your radar.
Cosmos: Is the Correction Ending for the ‘Internet of Blockchains’?
Moving on to Cosmos (ATOM), Van de Poppe describes it as a project aiming to be the “internet of blockchains.” He believes Cosmos could be nearing the end of its corrective phase against Bitcoin (ATOM/BTC), finding support around 0.00041 BTC, or $23.65.
Why is this significant?
- Correction Phase: After a significant price increase, assets often undergo a correction, a period of price decline or consolidation. This is a natural part of market cycles.
- Potential Reversal: Van de Poppe suggests that after a “heavy correction,” Cosmos might be entering a period where a reversal could occur, potentially leading to renewed upward momentum.
- December Altcoin Season?: Adding to the bullish outlook, Michaël notes that “December is often a beautiful period for altcoins.” This seasonal trend could provide further tailwinds for Cosmos and other altcoins.
Here’s Van de Poppe’s analysis on Cosmos:
“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. And as you know, December is often a beautiful period for altcoins.”
Could Cosmos be ready to bounce back and potentially benefit from a broader altcoin rally in December? Van de Poppe’s analysis suggests it’s a strong possibility.
Litecoin and Cosmos: Key Takeaways
To summarize, Michaël van de Poppe is highlighting potential bullish scenarios for both Litecoin and Cosmos. Let’s recap the key points in a table for easy understanding:
| Cryptocurrency | Key Analysis Points | Potential Catalyst |
| Litecoin (LTC) |
|
Potential historical trend repetition, broader market uptrend |
| Cosmos (ATOM) |
|
End of correction, seasonal altcoin rally, project developments |
What Should You Do?
It’s important to remember that this analysis is based on one expert’s opinion, and the crypto market is notoriously volatile. Always do your own research and consider your risk tolerance before making any investment decisions. However, Michaël van de Poppe’s insights provide valuable points to consider as you navigate the altcoin landscape.
Are Litecoin and Cosmos on your watchlist now? The potential setups and historical context certainly make them interesting altcoins to follow as we head into the end of the year and the start of Q1. Keep an eye on price movements, market sentiment, and any further developments for both LTC and ATOM!
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