As Bitcoin’s rally cools off somewhat, the crypto community has turned to scope out altcoins and their potential. So what are the traders and analysts of crypto Twitter saying? Here are some altcoin predictions for ETH, XRP, LTC, and EOS…
2018 and 2019 in a nutshell:
1) Alts dump
2) Influencers be like “ReaDDYy fOR an alt pump??”
3) BTC pumps
4) Influencers be like “ReaDDYy fOR an alt pump??”
5) Alts / BTC do anything
6) Influencers be like “ReaDDYy fOR an alt pump??”
Never change Twitter, never change…
— DonAlt (@CryptoDonAlt) May 27, 2019
We’ve seen some healthy gains, but not the kind of increases we expect from a full-on balls-to-the-wall altseason… so the question remains when alts?
The charts don’t lie and looking at the top 10, a few prime altcoins are looking extremely good to go…
In today’s #crypto analysis:$BTC: Blasts through the Resistance of the Ascending Triangle!$LTC: Beautiful Cup & Handle break$ETH: Still Strong$EOS: 30% profit potential$XRP: At critical resistance pic.twitter.com/x6IyCe9V3q
— Edgy (@edgytrading) May 27, 2019
ETH is currently sitting at a price of $269 citing an increase of 7.8% in 24 hours:
ETH/USD Chart provided by Tradingview
According to crypto analyst, Nick cote the next major level of resistance for ETH is around $291, before the #2 reaches, what Cote calls, ‘god tier resistance” at $245-$399:
My views on $eth here:
$291 is the last major resistance in front of us.
— Nick Cote (@mBTCPizpie) May 27, 2019
Another analyst, known as The Cryptomist, looks at ETH’s breakout from a pennant formation on the 4hr, suggesting that another such breakout on the 1hr chart could provide ETH a leg up to $281, followed by $300. The analyst adds that support lies just below at $260, and $256 should any downside occur…
4hr time frame shows a very clean breakout from pennant 😊
1hr Time frame shows pennant formed that should see breakout within 24 hours
First breakup target is 281 followed by $300
Next breakdown supports; 260, 256 pic.twitter.com/NJ7eQEXz3H
— The Cryptomist (@TheCryptomist) May 27, 2019
XRP is currently hovering around $0.41, at an increase of 7.8% on the 24-hour charts:
XRP/USD Chart provided by Tradingview
Crypto Michael – a popular crypto trader – relays that XRP almost managed to break out of its pennant formation, auguring a move of up to 40% should XRP continue following BTC.
— Crypto Michaël (@CryptoMichNL) May 27, 2019
$carface, also looks at XRP, (although is a little less than cordial towards it) suggesting that based on previous pump patterns, the Ripple token could reach near its previous highs, using his chart to allude to a price point of around $1.75 (not bad for a skeptic).
— $carface (@TraderScarface) May 27, 2019
LTC is currently citing a price of $116, with a 13.4% increase on the 24-hour charts:
LTC/USD Chart provided by Tradingview
Once again crypto trader Nick Cote steps up to the mark, this time taking a look at LTC, and offering a projection of around $170 – $180
— Nick Cote (@mBTCPizpie) May 27, 2019
Another analyst known as Nikadesh, states that LTC is currently testing resistance around $115 (which at the time of writing, it appears to have conquered). Provided LTC can hold above this level, the analyst suggests that $147 could be visited next.
1W $LTC testing out resistance at 115. Rejection here leads back toward 94, success leads all the way to 147. Pretty crazy upside. LTC is a clear winner among the big boys if you’re looking for support to resistance distances right now. I’m already okay calling 147 “soonish.” pic.twitter.com/FYHzc8NEhw
— Nikadesh / ニカデシュ (@Nikadesh) May 27, 2019
EOS is currently citing a price of $7.29 up 13.7% in the past 24 hours:
EOS/USD Chart provided by Tradingview
Similarly to many other cryptocurrencies today, EOS appears to have broken through its pennant formation on the upside, with analyst Satoshi Flipper believing that EOS “has a lot more to go.”
Beautiful textbook pennant break. Not selling any and will add more on any retraces, something tells me this one has a lot more to go. 👏👏 pic.twitter.com/5QGrgAiZ8H
— Satoshi Flipper (@SatoshiFlipper) May 27, 2019
According to the aptly named Ctrl+Alts+Del, EOS has broken its horizontal resistance, with the trader predicting that EOS could run has high as $9…
— Ctrl+Alts+Del (@CtrlAltsDel) May 27, 2019
So, there we have it, some interesting predictions on some of the bigger altcoins in the game.
What’s your money on? Can any of these go higher? Or will we see some kind of correction in the near future? Let us know your thoughts in the comments
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