Top Crypto Analyst Updates Outlook on XRP and Litecoin, Warns Ethereum is Tipping on the Edge

A closely followed crypto strategist is updating his stance on XRP and Litecoin (LTC) while warning Ethereum holders that ETH could witness another major sell-off event.

In a new strategy session, pseudonymous analyst DonAlt says Ethereum is trading in a tight range between $1,120 and $1,200.

According to the crypto strategist, the narrow trading range is the last level of support before Ethereum makes significant new lows.

“You’d actually want to see buy three in pretty aggressively … I’d like to see a V-bottom out of this one. So far we haven’t gotten that done. It makes me a little nervous…

Right now, [ETH] is on the edge. It’s in between support and resistance… If it starts to break down, you’re going to see huge losses.”

Source: DonAlt/YouTube

At the time of writing, ETH is changing hands at $1,216, down slightly on the day.

Next up is XRP, which DonAlt says could potentially rise if it manages to take out a key resistance level.

So basically at $0.38 to $0.40, that’s all weekly resistance. If we close below that, I would probably just sell my XRP… If we close above it, it will also be a range break, not as good as Litecoin, but the cool thing here is that it has already broken this range. once. So if you break it again, especially given that the first break was so significant, you would expect it to just massively outperform.”

At the time of writing, XRP is trading at $0.40.

DonAlt also has its radar locked on peer-to-peer payment network Litecoin (LTC), which is up nearly 27% in the past seven days. DonAlt says he is bullish on Litecoin after LTC broke through a multi-month range.

“The $80 area is interesting. There’s resistance. I think basically there’s resistance for people who think this is a false breakout. I think this is a multi-month breakout. It’s a huge range. It’s one of the biggest, cleanest series we’ve had in a long, long time, and we actually just turned it up. You don’t necessarily want to wither this.”

Source: DonAlt/YouTube

At the time of writing, LTC is valued at $77.50, up 1.79% on the day.


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