Analyst Predicts Major Price Surges for Litecoin and Chainlink – Here Are the Targets
The post Analyst Predicts Major Price Surges for Litecoin and Chainlink – Here Are the Targets appeared first on Coinpedia Fintech News
A prominent cryptocurrency strategist, Michaël van de Poppe, has recently shared his predictions for the price movements of two popular cryptocurrencies, Litecoin (LTC) and Chainlink (LINK). Van de Poppe, who enjoys a significant following on Twitter, believes that both Litecoin and Chainlink have the potential to experience substantial price surges.
Litecoin (LTC) Price To Surge Over 135%
Starting with Litecoin, which operates as a peer-to-peer payments network, Van de Poppe observes bullish signs in its recent performance. Litecoin has managed to surpass several technical resistance levels following a steep ascent last week. Moving on he said that this positive momentum could push Litecoin’s price to reach as high as $250, representing a remarkable upside potential of over 135% from its current value of $106.
Whereas he also highlights the key milestones for Litecoin’s upward trajectory, including breaking through the 200-week moving average, and the 200-week exponential moving average, and surpassing the significant resistance level at $100. Interestingly, he sets two initial targets for Litecoin’s price at $180 and $250, with $180 likely being the first level to be reached.
Chainlink (LINK) Might Spike 127%
Shifting focus to Chainlink, a decentralized oracle network, Van de Poppe notes that it has managed to reclaim a crucial support level at $6 after hitting a low of around $5 earlier in 2023. This recovery is seen as a positive indication of Chainlink’s future price trend, potentially setting the stage for an uptrend.
As per his speculations, Chainlink’s price could surge to $15, representing a substantial increase of over 127% from its current value of $6.60. However, Chainlink is now positioned within a favorable trading range and has the potential to surpass previous highs, leading to further upward expansion.
XRP: Potential Target at $0.53 Pending Confirmation
In addition to Litecoin and Chainlink, the analyst also keeps a close eye on XRP, another cryptocurrency. He notes that although XRP has seen some upward movement, its current price structure lacks clarity, requiring further confirmation. However, if XRP manages to maintain its support level at $0.48, he also believes it could potentially climb to $0.53 shortly. As of now, XRP is trading at $0.49.
