Top Crypto Analyst Predicts Bitcoin, Ethereum, Litecoin Future, Calls Caution on Altcoins

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A broadly adopted crypto analyst outlines the way forward for Bitcoin (Bitcoin), Ethereum (ethereum), and Litecoin (LTC) whereas warning buyers about altcoins.

Pseudonymous Crypto Dealer Rekt Capital To inform His 334,000 Twitter followers say the cryptocurrency is at risk of hitting new lows so long as it continues to commerce beneath the $17,400 degree.

“BTC’s latest rally retains the worth buying and selling beneath the month-to-month resistance of ~$17400.

So long as $BTC stays beneath this resistance, there’ll at all times be a menace of a continuation of the decline and a stronger rejection of latest lows. ”

Bitcoin is buying and selling at $16,591 on the time of writing.

Set your sights on Rekt Capital, the trade’s main good contract platform To inform Ethereum could also be exhibiting weak spot as promoting stress continues to construct.

“ETH has hit consecutive lows for the previous three months.

This means that vendor stress is changing into much less and fewer. Additionally, ETH adopted nearly everything of his July-launched transfer. It might be an indication of weakening assist as much as $1,100. ”

Supply: Rekt Capital/Twitter

As of this writing, Ethereum is buying and selling at $1,021.

Analyst Strikes to BTC Various Litecoin Word If LTC desires to proceed its rally, it wants to finish November above the $67 price ticket.

“LTC’s upside wick rose into the $85-$98 area (blue) earlier than lastly being rejected there. There may be,” he mentioned.

Supply: Rekt Capital/Twitter

LTC is at the moment valued at $77.84.

Lastly, Rect Capital downside A warning to merchants, they are going to be cautious about investing in altcoins till they regain ranges which have lately flipped from assist to resistance.

“Many altcoins appear prone to flip previous damaged helps into new resistances.

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