Analyst Michaël van de Poppe is predicting a big rally for one altcoin that has surged over 66% in less than one month amid weakness in the broader crypto markets.
Van de Poppe tells his 642,800 Twitter followers that he’s looking for a solid bounce for peer-to-peer payments network Litecoin (LTC) after the altcoin recently posted its current monthly high of .73.
According to the analyst, Litecoin has decent support levels at and where LTC could rally en route to his target of , suggesting an upside potential of between 35% and 47% for the Bitcoin (BTC) hard fork.
“Patiently waiting for opportunities on Litecoin.”
Looking at Bitcoin itself, Van de Poppe says he’s looking at a couple of bullish scenarios for BTC.
“Preferably the bullish one, in which a reclaim of $17,200 is a trigger for longs towards $18,100. Otherwise $16,200-16,500 and reclaim of $16,900 after a sweep.”
At time of writing, Bitcoin is swapping hands for $17,072.
As for Ethereum (ETH), Van de Poppe predicts a correction toward the ,200 level before the leading smart contract platform could ignite a rally toward his first target of ,334.
“Would be great if we get this opportunity on ETH.”
At time of writing, Ethereum is switching hands for $1,271, a fractional dip on the day.
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