Prime Crypto Analyst Says One Catalyst Will Hold Litecoin ‘Propped Up’, Updates Outlook on Bitcoin and Ethereum

by Cryptospacey

A preferred crypto dealer is weighing in on the prospects of Litecoin (LTC), Bitcoin (BTC) and Ethereum (ETH) shifting ahead.

Beginning with Litecoin, the pseudonymous analyst Bluntz tells his 223,000 Twitter followers that the 14th-largest crypto asset by market cap is consolidating in readiness for what might be a breakout.

In keeping with Bluntz, the upcoming halving of Litecoin is prone to hold the altcoin bullish. Litecoin’s third halving is anticipated to happen in about two months.

“Stable excessive timeframe contraction taking place on LTC. I believe the halving narrative retains this one propped up.”

Supply: Bluntz/Twitter

Trying on the chart, it seems that the analyst is predicting a symmetrical triangle breakout for Litecoin en route towards his goal above $110.

Litecoin is buying and selling at $86.96 at time of writing.

Turning to Bitcoin and Ethereum, the pseudonymous analyst says that the 2 main crypto property might commerce in a variety for some time earlier than breaking down. Nonetheless, Bluntz says that the plunge might take a while.

“Thus far, lows holding on each BTC and ETH.

Wouldn’t be shocked to see a extra longer drawn-out channel/bear flag play out right here, doesn’t fairly appear like a breakdown is imminent simply but.”

Supply: Bluntz/Twitter

Bitcoin and Ethereum are buying and selling at $26,471 and $1,814, respectively, at time of writing.

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