Well-known crypto strategist and trader Michaël van de Poppe predicts that Cardano (ADA), Litecoin (LTC) and Zilliqa (ZIL) are almost ready to kick off the next phase of their bull cycles.
In a new video, the crypto analyst tells its 76,700 YouTube subscribers that Cardano is ripe to end its multi-month consolidation against Bitcoin (ADA / BTC).
“If we crack the range high, we will probably have a new impulse wave and keep walking.” In a new wave of impulses, you should be aware of the fact that you have one [resistance to support] Flip that level at 0.0000235. In this case, we can see that the continuation is happening in general.“
Looking at the long-term chart, the trader adds that the ADA / BTC bull cycle is still in its infancy as he believes the pair has plenty of upside potential.
As for the ADA / USD pair, Van de Poppe says breaching the pair’s immediate resistance will catapult Cardano as high as $ 2.40.
“I think as soon as we break that red line (USD 1.36) we will just cross the previous high, start consolidating and then continue when the previous breaker becomes the previous high as a support zone. As long as that tips, we’ll just keep moving. ”
The crypto strategist is also closely watching Litecoin, which he says is ready to start a 65% move against Bitcoin (LTC / BTC).
“Litecoin looks good for a bullish impulse wave. “
Another coin on Van de Poppe’s radar is Zilliqa, the blockchain for business solutions. According to the trader, ZIL / BTC is in a strong uptrend and is now ready to print profits of over 120% from the current price of 0.00000363.
“We are ready to start a new run, having just held the previous low, the critical level of support, and we are about to break the new high.” I think we’re going to go through 500 satoshis (0.00000500) and make a runner towards 800 satoshis (0.00000800). “
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Featured image: Shutterstock / Bertrand Benoit