Cryptocurrency analyst Smart Contracter, who found more than 10 accurate predictions, says that they can reach ATH again for 3 altcoins, including a little-known project.
Smart Contracter says old tops are near for these 3 altcoins
cryptocoin.com We have included Smart Contracter’s accurate predictions in this article. In his current analysis, he says that BTC can also prepare for new rallies as Ethereum (ETH) signals bullish. Smart Contracter prefers to take positions on the biggest cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and XRP in current market conditions.
Mask Network (MASK), another altcoin that the analyst is waiting for, has been showing signs of an impending rally since January. “I’m pretty sure this daily close is going to be a crazy candle explosion, I expect it to remove the November highs,” the analyst said in an update in January. Contracter predicts that the price of MASK will rise to $ 6.50 by the end of February in the technical chart he shared.
Mask Network is a protocol that allows its users to send encrypted messages via Twitter and Facebook. It basically acts as a bridge between the internet and a decentralized network running on top. The project first flashed amid the news surrounding Twitter. The network’s native token, MASK, is trading at $3.38, down 9% at the time of writing.
Crypto analyst also expects BTC to rally as ETH signals bullish
Continuing his analysis, Contracter said that Bitcoin has probably completed its correction period and may now be ready to go up. The crypto analyst sees the current levels as the support base for BTC, which is aiming to rise one step further to $25,500 daily.
Smart Contracter is a popular practitioner of Elliott Wave theory, an approach to technical analysis that aims to predict future price action by following crowd psychology, which tends to manifest in waves. According to the theory, a bullish asset enters a five-wave rally; where the first, third and fifth waves are spikes and the second and fourth waves are periods of correction.
Looking at the analyst’s chart, it seems to predict the end of the fourth wave with the fifth wave currently underway. At the time of writing, Bitcoin was trading around 21,600.
Ethereum (ETH)
As for Ethereum, the crypto analyst believes that ETH bulls have successfully managed to defend the bullish line of an ascending channel. This level is above $1,350 and Ethereum is still trading above it.
Litecoin (LTC)
According to Smart Contracter, Litecoin is showing bullish signals after the Bitcoin (LTC/BTC) pair surpassed multiple resistances in the lower timeframe.
LTC was trading at $91.26 at the time of writing. It will complete its third halving cycle next June.
