Crypto analyst and strategist Ali Martinez, closely followed for his accurate predictions, stated that Ripple‘s XRP, a popular altcoin, appears to be ready for a strong rally as it gives multiple bullish signals. The analyst also mentioned that Litecoin’s (LTC) peer-to-peer payment network also provides a bullish signal on its on-chain side.
TD Sequential Indicator Gives Bullish Signal for XRP
Crypto analyst Ali Martinez highlighted that the TD Sequential Indicator on X social media platform gives a strong bullish signal for XRP. The TD Sequential indicator aims to identify trend reversal points in the market at a value of nine and currently indicates a possible trend reversal for XRP.
Martinez elaborated on his prediction for the popular altcoin, stating, “The TD Sequential Indicator gives a significant buy signal on the four-hour XRP chart, which could trigger a recovery to $0.63 or even $0.67.”
Martinez also drew attention to the movement among XRP whales. According to the analyst, XRP whales have returned to action and are busy accumulating the altcoin they have set their sights on:
Despite the 18% price drop in the last 10 days, there has been a significant increase in whale transactions and holdings. The increased interest from major players could be a sign of a price recovery for XRP.
As of the time of writing this article, the popular altcoin is trading at $0.6241, with a 1.22% increase in the last 24 hours. Data reveals that the fourth-largest altcoin, with a market cap of $33.5 billion, has decreased by 3.58% in the last 7 days and increased by 20.68% in the last 30 days.
Activity on the Litecoin Network is Rapidly Increasing
Martinez also mentioned that the Litecoin network has set a new record in terms of transaction volume in its peer-to-peer payment network. The analyst stated, “Litecoin reached an all-time high by recording one million LTC transactions on November 14.”
LTC is currently trading at $70.48 with a 1.86% increase in the last 24 hours and a market cap of $5.2 billion.
