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Crypto analyst Michaël van de Poppe has outlined his bullish predictions for Litecoin (LTC), Ripple‘s XRP, and the popular memecoin Pepe (PEPE) as signs of life reemerge in the crypto market.
Aiming for $180 with Litecoin
According to van de Poppe, peer-to-peer payment network Litecoin is ready to approach its highest level in 2023, around $103. He believes Litecoin could encounter a correction after reaching its initial target, before continuing its upward trend:
We likely continue running towards $102 with a beautiful weekly candlestick. Afterwards, if we break above these recent highs, there might be a slight correction before we continue towards $180.
At the time of this writing, LTC is trading at $87.92, up 0.49% in the last 24 hours.
XRP Needs to Break the $0.5025 Barrier to Rise
Shifting his focus to Ripple’s cross-border payment solution XRP, Van de Poppe states the popular altcoin could start to rise if it manages to turn a critical resistance level into support.
According to the analyst, XRP needs to surpass the $0.5025 barrier. If this level is breached, it could start moving towards higher levels.
Current price data shows XRP is trading at $0.4792, down 0.98% over the past 24 hours.
Analyst Expects Rise in Popular Memecoin PEPE
The last altcoin on Van de Poppe’s radar is the popular memecoin Pepe. He predicts that if PEPE drops by 13% from its current prices, it will trigger accumulation mode. He says, “We’ve dropped almost double from $0.00000085. It seems very likely that we will experience a new rally in the coming months. If I were a buyer, I would consider buying at $0.00000135.”
At the time of writing, PEPE is trading at $0.000001566, up 0.89% in the last 24 hours.
