Noted cryptocurrency analyst and strategist Michaël van de Poppe has signaled an upcoming bullish run for major altcoins Litecoin (LTC) and Chainlink (LINK), with potential for over 100% increase in value. Here are the analyst’s predictions for LTC and LINK.
Anticipating Triple-Digit Surge for LTC and LINK
Cryptocurrency analyst Michaël van de Poppe noted that peer-to-peer payment network Litecoin has been bullish since breaking through several technical resistances after its sharp rise last week. According to the analyst, LTC could potentially surge to $250, which signifies an increase of more than 135% from its current price of $106.
Poppe stated in his commentary on the altcoin, “Litecoin looks fantastic. It has surpassed the 200-week moving average and the exponential moving average. It broke the resistance at $100. It hit a new record for the year. Its consecutive targets in this bull run are $180 and $250.”
Following Litecoin, Poppe turned his attention to the decentralized oracle network Chainlink. According to Poppe, after falling to its 2023 low of approximately $5, LINK managed to reclaim its critical support level of $6. This, according to the analyst, could trigger a rise that could take LINK to $15, signifying a rise of more than 127% from its current price of $6.60.
For the anticipated increase, the analyst stated, “Chainlink is back in the bullish range. It passed $6 and turned it back into support. As a result, we are on the verge of surpassing higher levels and going upwards.”
Also Closely Following Ripple’s XRP
Van de Poppe is also closely following Ripple’s XRP. According to the analyst, as long as XRP remains above the $0.48 support, it could potentially rise to $0.53:
XRP is bullish, but a clear bullish view is not the case here. More confirmation is needed, but it will probably be targeting $0.53.
