Cryptocurrency

Litecoin

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 Cryptocurrency trader and strategist Ali Martinez is expressing bullish sentiment on Ethereum’s (ETH) largest liquid staking protocol by market cap.
 Martinez tells his 39,200 followers on the X social media platform that LidoDAO (LDO) is forming an ascending triangle, which is typically considered bullish, on the weekly chart.
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 According to Martinez, LDO could appreciate by approximately 83% from the current level.
 “Keep a close eye on the $3.30 level! A sustained weekly close above this mark could be the trigger for a bullish breakout, potentially propelling LDO toward a new all-time high of $6.”
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 LDO is trading at $3.27 at time of writing.
 Next up is Bitcoin (BTC). Citing data from analytics platform Santiment, the trader says that Bitcoin’s recent rally to an eight-month high coincided with heavy accumulation by whales.
 “The recent surge in Bitcoin above $45,000 seems to be backed by significant whale activity!
 In the past week, BTC whales accumulated over 30,000 BTC, coinciding with a spike in their transaction count. This accumulation could be a key factor driving the current upswing!”
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 Source: Ali Martinez/X
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 Bitcoin is trading at $43,214 at time of writing.
 Turning to Litecoin (LTC), Martinez says that the outlook for the 22nd-largest crypto asset by market cap “appears challenging”. According to the crypto trader, Litecoin could fall by around 42% from the current level.
 “If the selling pressure continues, LTC might see a push down to $38, potentially confirming a bear flag formation.”
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 Source: Ali Martinez/X
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 Litecoin is trading at $65.19 at time of writing, down by 43% from its 2023 high of $115 reached around a month before the crypto asset’s halving in August.
 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-says-ethereum-based-altcoin-could-explode-by-over-80-updates-outlook-on-bitcoin-and-litecoin-tbt75672.html">https://thebittimes.com/crypto-trader-says-ethereum-based-altcoin-could-explode-by-over-80-updates-outlook-on-bitcoin-and-litecoin-tbt75672.html</a>

Crypto Trader Says Ethereum-Based Altcoin Could Explode by Over 80%, Updates Outlook on Bitcoin and Litecoin

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