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 response to Bluntz, the upcoming halving of Litecoin is prone to maintain the altcoin bullish. Litecoin’s third halving is predicted to happen in about two months.
“Stable excessive timeframe contraction occurring on LTC. I feel the halving narrative retains this one propped up.”
Wanting 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 may commerce in a variety for some time earlier than breaking down. Nonetheless, Bluntz says that the plunge may take a while.
“To this point, lows holding on each BTC and ETH.
Wouldn’t be stunned to see a extra longer drawn-out channel/bear flag play out right here, doesn’t fairly appear to be a breakdown is imminent simply but.”
Bitcoin and Ethereum are buying and selling at $26,471 and $1,814, respectively, at time of writing.
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