Well-known crypto trader and analyst Michaël Van de Poppe is researching two large-cap altcoins that he believes have the potential to outperform Bitcoin in the next leg of the bull cycle.
In a new video, the crypto strategist says he’s watching Ethereum versus Bitcoin (ETH / BTC) closely, believing the pair is ready to break out.
“As long as Ethereum stays between 0.028 and 0.03 in this region, everything is fine. Even if Ethereum falls towards 0.0265, everything will be fine. And of the entire group of altcoins, this is one of the few that actually look the best in this entire structure. As long as it stays here, it looks bullish in and of itself. “
According to Van de Poppe, the prevailing Fears, Uncertainties and Doubts (FUD) regarding Ethereum should “guarantee a massive outbreak once ETH 2.0 starts rolling”.
In the medium term, the trader expects the ETH / BTC to rise to 0.044, which corresponds to a potential gain of over 40% compared to the current price of 0.031.
The next large-cap coin on Van de Poppe’s list is Litecoin. While LTC / BTC is still in a multi-year downtrend, the cryptanalyst believes that he is gradually showing signs of life.
“I get interested when I see so many Litecoins being traded, which for me means that there is higher accumulation. You want to see an upturn, people go FOMOish, people see Litecoin go strong, etc. Make a slight move of 20%. Then you don’t want to follow the trade in general, but once it flips that region (0.003) we can have such a trend again (from 0.007 to 0.016). “
If Litecoin follows the script, Van de Poppe believes it can go up to 0.0058, which is over 93% growth from the entry point suggested by the trader.
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