Amidst the volatile crypto market, a well-known crypto analyst and trader, Michael Van De Poppe, has put forward his analysis of XRP, Cosmos (ATOM), Litecoin (LTC) and Tezos (XTZ).
Poppe informs his 627,100 Twitter followers that though Ripple’s XRP is facing a sell-off, the current price is advantageous for bullish action.
He claims that XRP’s current $0.33 is the level for traders looking to go long.
At the time of publication, XRP is selling at $0.336 after a drop of 2.67% in the last 24hrs.
The analyst also talked about Cosmos (ATOM), a network that is dedicated to scaling and interoperating. Here, he asserts that $13.30 acts as the first support, and then $11.22 and $9.96
Currently, Cosmos (ATOM) is trading at $14.25 with a downswing of 5.21% in the last 24hrs.
The next altcoin that has caught the trader’s attention is Litecoin (LTC) which is a peer-to-peer payment network. Though Litecoin is currently under bearish control, the strategist is of the opinion that LTC will surge against the flagship currency (LTC/BTC)
As per Van de Poppe, until Litecoin’s price is above $0.0028 BTC, the currency is bullish.
At the moment, Litecoin has plunged by 6.34% in the last 24hrs and is currently valued at $59.92
Before Michael winds up his analysis, he talks about Tezos (XTZ), a smart contract network. As per the expert, it’s important for Tezos to stick above the support level of $1.44 to make a bullish move toward $2.85
Presently, Tezos (XTZ) is trading at $1.57 with a fall of 0.77% over the last day.