One widely-followed crypto trader thinks Litecoin (LTC), Cosmos (ATOM), and the Sandbox (SAND) are all gearing up for moves to the upside.
The pseudonymous analyst Rekt Capital tells are 347,200 Twitter followers that the peer-to-peer payment network Litecoin is preparing for a new price phase.
According to the trader, Litecoin could soon follow a path that propels LTC to $110.
“LTC has successfully retested the blue bull flag top, allowing a return to the red-red range. LTC returning to the red-red range means it could soon follow the rest of the red trail.
Litecoin is trading at USD 87.25 at the time of writing. The 12th-ranked crypto asset by market capitalization is down 1.29% in the past day.
Rekt Capital too bullish on Cosmos, an ecosystem of blockchains designed to scale and interact with each other. According to the trader, ATOM could rise more than 20% from current prices.
“The upside continues and ATOM continues to position itself for a favorable month close, which could push the price to revisit the $11 area over time.”
ATOM is trading at $9.16 at the time of writing. The 26th ranked crypto asset by market capitalization is down nearly 4% in the past 24 hours.
In addition, the trader predicts the metaverse-focused altcoin The Sandbox could surge all the way to the $0.638 range.
“SAND was able to regain black support and collect +14%
Doing so would allow SAND to revisit the blue highlights over time.
SAND is trading at USD 0.425 at the time of writing. The 53rd-ranked crypto asset by market capitalization is down nearly 4% in the past day.
Don’t Miss Out – Subscribe to receive email alerts delivered straight to your inbox
Check price action
follow us on Twitter, Facebook And Telegram
Surf the Daily Hodl mix
Image generated: Midway through the journey