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Home»Analysis»XRP and Litecoin (LTC) Breakouts on the Horizon? Here’s How Bitcoin (BTC) Can Help: Crypto Analyst
Analysis

XRP and Litecoin (LTC) Breakouts on the Horizon? Here’s How Bitcoin (BTC) Can Help: Crypto Analyst

2023-06-09No Comments2 Mins Read
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A widely followed crypto analyst thinks XRP and Litecoin (LTC) could rise if Bitcoin (BTC) can overcome a major price level.

Crypto trader Michael van de Poppe tells are 657,400 Twitter followers that BTC must rise above $26,800 for any chance of a rally.

“The lower time frame for BTC is pretty straightforward.

We need to break through $26,800 to get a follow up here.

That means if we break that level and flip it, $27,500 is on the line, but most likely $28,000 & breakouts on XRP and LTC.

Source: Michael van de Poppe/Twitter

Bitcoin is worth $26,551 at the time of writing. According to Van de Poppe, if BTC can rise to $28,000, XRP and LTC are likely to experience breakouts.

XRP is worth $0.53 at the time of writing. LTC is trading at $89.32.

Delving deeper into the price movement of BTC, the analyst predicts that if BTC can hold its current levels, it will have a green summer.

“Great retest for Bitcoin, and if the weekly closes like this, we will have a close above the 200-Week MA (Moving Average) and EMA (Exponential Moving Average).

That would mean we go up next week and green numbers come in the summer.”

Source: Michael van de Poppe/Twitter

Looking at altcoins as a whole, Van de Poppe believes the altcoin markets are at a critical time.

“The total altcoin market cap of crypto is also on the verge of an important point here.

Close above 200 week MA and EMA -> good sign.

Close below -> more pain is coming.

Source: Michael van de Poppe/Twitter

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See also  Bitcoin: Investigate whether this pattern BTC can help to rise to $ 90k
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