A popular crypto trader is mapping out what’s in store for a handful of altcoins including XRP and Cosmos (ATOM) as the digital asset markets witness another sell-off event.
Michaël van de Poppe tells his 627,100 Twitter followers that the seventh-largest crypto asset is now hovering at a price level that’s favorable for XRP bulls.
“If the market falls back, I’d be looking at $0.335 for longs.”
At time of writing, XRP is changing hands for $0.333, down 7% on the day.
Next up is Cosmos, an ecosystem of blockchains designed to scale and be interoperable. Van de Poppe pinpoints $13.30 as the first support region for ATOM, followed by $11.22 and then $9.69.
At time of writing, ATOM is swapping hands for $13.97, a nearly 10% devaluation in the past 24 hours.
Another altcoin on the trader’s radar is peer-to-peer payments network Litecoin (LTC). Despite the latest correction across the crypto markets, Van de Poppe says Litecoin still appears primed to rally against Bitcoin (LTC/BTC).
“Seems like we’re going to get a continuation on the older coins. As long as [0.0028 BTC] holds on LTC, we’d be good to go.”
At time of writing, the pair is valued at 0.0029 BTC worth $58.58.
The last coin on Van de Poppe’s list is smart contract platform Tezos (XTZ). Van de Poppe says XTZ needs to hold support at $1.44 to have a shot at maintaining its bullish momentum to rally to his target at $2.85.
At time of writing, XTZ is trading at $1.53, a nearly 7% decline in the last day.
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Featured Image: Shutterstock/jamesteohart
