A much-followed crypto strategist believes that both Litecoin (LTC) and Chainlink (LINK) will bring profits in excess of 100%.
Analyst Michaël van de Poppe tells his 659,700 Twitter followers that the peer-to-peer payment network Litecoin is looking bullish after overcoming several technical resistances following its steep rise last week.
According to the trader, Litecoin could rise as high as USD 250, suggesting more than 135% upside potential from its current price of USD 106.
“Litecoin looks great.
– Breaking 200 week moving average and (200 week) exponential moving average.
– Breaking $100 resistance.
– New annual highlights.
Goals are $180 and $250 for this run, most likely will be the end first.
Looking at the decentralized oracle network Chainlink, Van de Poppe says LINK has managed to regain its key support level at $6 after falling to a 2023 low of around $5.
According to Van de Poppe, the bullish reclaim suggests that LINK is about to start an uptrend that could propel it to $15, up more than 127% from its current value of $6.60.
“Chainlink is back in the range.
$6 flipped for support putting us on the cusp of a lot of highs and expansion.
Van de Poppe also keeps a close eye on XRP. According to the trader, XRP could rise to $0.53 as long as it remains above the $0.48 support.
“Well, XRP shot higher, but doesn’t show a clear structure here.
Needs more confirmation, but probably going to target $0.53.
At the time of writing, XRP is trading at USD 0.49.
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Image generated: Midway through the journey