The widely followed analyst and merchants are looking forward to strength in one large lid altcoin and update the outlook for the other two encryption assets.
The analyst and trader, known as DONALT, says to 649,700 followers in social media platform X that Litecoin (LTC) has “one of the most handsome encryption charts.”
Based on Donalt’s charts, Litecoin seems to be suggested that it forms a triangle that rises every time. In technical analysis, ascending triangles are generally considered as strong as they print the lowest level of assets.
According to Litecoin’s optimistic rear, a pseudonym analyst says.
“The main reason is the speculation of ETF (Exchange Traded Fund).
I think that it is one of the most likely to get one. So it’s not too stupid.
It may take time to play. ”
Litecoin is trading at $ 129 at the time of writing.
The following is Bitcoin (BTC). A pseudonym analyst says that Bitcoin is now struggling, and the best access for long positions is over $ 101,000. According to DONALT, Bitcoin is currently trading in a “simple range” of about $ 95,000 and about $ 101,000 for its main resistance.
Bitcoin is trading $ 96,836 for writing.
Donaalt says that the sixth largest encryption asset with a market cap is beyond the range that started in early 2021 and seems to be optimistic in monthly time.
“It looks better now.
$ 625 nearly $ 625 will not strengthen the bull case (for BNB). ”
BNB is trading for $ 667 when writing.
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Created image: Midjourney