The altcoin analyst with 643,300 Twitter followers maps the next levels for the price of XRP, MATIC, FTM, LTC, LINK and VET.
Analyst’s analysis of altcoins
The crypto market started the day on a bullish note, with the world’s largest cryptocurrency by market cap rising slightly by 1.25% to approach the $17,000 level. Other altcoins follow, such as Ethereum, BNB, and XRP, among others. The first altcoin that the analyst predicted is Ripple.
Request 01 – $XRP
This one looks a bit odd, as we've seen a harsh rejection at $0.37.
I'd prefer to see $XRP reclaim the level at $0.343 relatively fast, otherwise, a ton of liquidity is on the downside to be taken (comparable with #Bitcoin).
$0.265 massive support. pic.twitter.com/wgYN5JLye1
— Michaël van de Poppe (@CryptoMichNL) December 30, 2022
The analyst, who has 643,300 Twitter followers, claims that if Ripple’s XRP Price fails to rise above $0.343, the currency will see a drop of more than 22%. He says that if the prediction turns out to be correct, XRP will drop to $0.265 compared to Bitcoin. cryptocoin.comAs we mentioned, XRP is sold at $ 0.344 with an increase of 2.30% in the last 24 hours.
VeChain (VET)
Then, Van de Poppe talked about VeChain, where he argues that while the currency is trending downward, there is some chance of a bull run. The analyst predicts that the currency will witness some bullish divergence if VET manages to trade above $0.016. Momentarily, VET is trading at $0.0161 after gaining 2.16% in the last 24 hours.
Request 02 – $VET
This one is clearly trending downhill.
And continues to do so.
Potentially;
– Bullish divergence implying a reversal.
– Bullish divergence only valid if $0.016 gets cleared.Otherwise trend remains downwards. pic.twitter.com/9ZK60k3WnU
— Michaël van de Poppe (@CryptoMichNL) December 30, 2022
Chainlink (LINK)
Van de Poppe also talked about Chainlink and stated that it needs to exceed $5.70 and $6 to maintain its bullish momentum. He believes that if the bears strengthen, LINK will drop to $4,975. LINK is trading at $5.67, down 0.50% in the last 24 hours.
Request 03 – $LINK
Simple chart, going towards the lows and even making new lows for the year, just barely before the end of 2022.
Needs to reclaim $5.70-6.00 quite fast, otherwise untested level at $4.975 is going to be tested.
Great to DCA for investors. pic.twitter.com/XTp0MYXZ47
— Michaël van de Poppe (@CryptoMichNL) December 30, 2022
Polygon (MATIC)
Van de Poppe also mentioned MATIC, stating that he was at a critical point and needed to bounce back. If that doesn’t happen, he predicts MATIC will hit the bearish target of $0.64.
Request 04 – $MATIC
This one shows a downtrend, as it lost $0.78 (turned in resistance).
I'd like to see a sweep at $0.74 and immediate bounce back up, otherwise $0.64 is on the cards. pic.twitter.com/hiThsgqIme
— Michaël van de Poppe (@CryptoMichNL) December 30, 2022
FTM and LTC
“I’m watching some perspectives where it seems reasonable for us to continue the rally,” Poppe pointed to FTM. He said that FTM looks great and its liquidity has been taken away and is higher. “Retesting at $0.2060 is an aggressive entry,” he then said. Afterwards, he said the resistance at $0.216 was cleared and pointed to $0.25.
The analyst stated that Litecoin went according to plan but did not receive the entry this time. He says the resistance is being retested and if $72 is broken, he can quickly resume to $80. Poppe stated that he did not live up to his expectations regarding Litecoin, but that the price action followed the plan. Finally, he said the last stop of the price target is $100. LTC is instantly traded on exchanges at $75.20.
