This Crypto Strategist Predicts Ripple (XRP), Stellar (XLM), Litecoin (LTC) And Tezos (XTZ) Prices Will Break New ATH

Ripple, Stellar, Litecoin and Tezos prices are predicted to rise (newsbtc)

JAKARTA – In the midst of the hype for ADA because it has skyrocketed in recent weeks and has brought profits to crypto traders, Michaël van de Poppe, a well-known strategist and trader, said that the prices of other altcoins such as Ripple (XRP) and Litecoin (LTC) will experience a decline. increase.

Some time ago Van de Poppe had revealed the results of his latest analysis to his hundred thousand YouTube subscribers saying that XRP is set to set a new record in the altcoin bull rally. He also mentioned that XRP is predicted to set a new record for its all-time high price or ATH.

“When you look at the USDT value of XRP, you can actually get a Fibonacci extension to create the next target zone. So when we do it with Fibonacci retracement, and we do it like this, we get $2.85 and $4.30 as the next target zones for XRP in the next impulse wave," de Poppe said as quoted by DailyHodl.

“If we do it from the previous cycle, we can also say that we have reached 2,618 [Fibonacci zone]. So most likely, in the next round, XRP will be $4.30,” he added.

At the time of writing, the price of Ripple was trading at the level of Rp. 17,735. XRP has shown an increasing price performance from November 2020 to April 2021. On November 13, 2020 the price of XRP was in the range of Rp. 3,599, while on April 15, 2021 it rose to a price of Rp. 26,860 according to data from CoinGecko.

In addition to XRP, Poppe also stated that Stellar (XLM) might increase in the next 52 weeks. He considered that this was a good moment before breaking into his new ATH. XLM's all-time high price is around Rp. 11,808. XLM is currently trading at 5,838.

“It still looks pretty good. The chances of XLM returning to this [$0.80] high, having some consolidation before breaking above, are significant.”

In addition, the crypto strategist also observed the movement of Litecoin (LTC). He believes LTC is preparing to carve a new high. Van de Poppe predicts LTC can penetrate its new ATH in the near future.

Currently LTC is trading at 185 US dollars, while Litecoin ATH is at 410 US dollars in May 2021. Van de Poppe predicts the price of Litecoin will penetrate US $ 501.

“So I assume anywhere in this range [0.003 BTC, or $150 at the time of writing] we will have a low for Litecoin, after which we break back, consolidate, then we start running,” predicts Van de Poppe.

In addition, Van de Poppe also observed the development of the Tezos smart contract platform by stating that XTZ/BTC is preparing to skyrocket by around 68 percent.

“We made a beautiful round base. It was Peter Brandt, his. But we hit rock bottom here, where we are under pressure, and the chances of this one breaking through the resistance zone we have around [0.00013 BTC, or $6.52] are huge.”

At the time of writing this news, Tezos was priced at Rp. 60,440. XTZ is up 9.7 percent in the last 24 hours. Tezos ranks 45th in the cryptocurrency ranking by market capitalization according to data from CoinGecko.