Analysis

Crypto Trader Predicts Massive Surges for Litecoin and Chainlink – Here Are His Targets

A widely followed crypto strategist believes that both Litecoin (LTC) and Chainlink (LINK) are set to print gains of over 100%.

Analyst Michaël van de Poppe tells his 659,700 Twitter followers that the peer-to-peer payments network Litecoin looks bullish after taking out several technical resistances following its steep ascent last week.

According to the trader, Litecoin could surge to as high as $250, suggesting an upside potential of more than 135% from its current price of $106.

“Litecoin looks great.

– Breaking through 200-week moving average and (200-week) exponential moving average.
– Breaking $100 resistance.
– New yearly highs.

Targets are $180 and $250 on this run, most likely first will be the end.” 

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Source: Michaël van de Poppe/Twitter

Looking at the decentralized oracle network Chainlink, Van de Poppe says that LINK has managed to reclaim its key support level at $6 after dropping to a 2023 low of around $5.

According to Van de Poppe, the bullish reclaim suggests that LINK is on the cusp of igniting an uptrend that could propel it to as high as $15, a more than 127% increase from its current value of $6.60.

“Chainlink is back in the range.

Flipped $6 for support, through which we’re on the edge of taking out many highs and expansion to the upside.” 

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Source: Michaël van de Poppe/Twitter

Van de Poppe is also keeping a close watch on XRP. According to the trader, XRP could ascend to $0.53 as long as it stays above support at $0.48.

“Well, XRP did sweep higher, but doesn’t show a clear structure here.

Needs to have more confirmation, but likely we’ll start targeting $0.53.” 

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Source: Michaël van de Poppe/Twitter

At time of writing, XRP is trading for $0.49.

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