Widely following analysts and traders are bringing bullishness to one massive Altcoin, while updating his outlook on two other crypto assets.
Analysts and traders are what are known as Donald say His 649,700 followers on social media platform X, where Litecoin (LTC) has “one of the best looking crypto charts at the moment.”
Based on Donalt's chart, he appears to suggest that Litecoin potentially forms an upward triangle in the weekly time frame. In technical analysis, ascending triangles are usually considered bullish, as assets print higher lows.
The pseudonym analyst says about the possible reasons behind Litecoin's bullishness
“The main reason is speculation from the Exchange Trade Fund (ETF).
I think it's the most likely thing to get it, so that's not too stupid.
It may take a little time to play. ”
Litecoin is trading at $129 at the time of writing.
Next is Bitcoin (BTC). Pseudonym Analyst say That Bitcoin is currently “struggling” and the best entry opportunity for long entries is over $101,000. According to Donalt, Bitcoin is currently trading in a “simple range,” with its main support level of around $95,000 and its main resistance of around $101,000.
Bitcoin is trading at $96,836 at the time of writing.
Donals turn to BNB say The sixth largest cryptocurrency by market capitalization is what appears to be bullish in the monthly time frame after surpassing the range that began in early 2021.
“It looks even better now.
No density of $625 [for BNB]. ”
BNB is trading at $667 at the time of writing.
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