A prominent analyst maps key levels at which Dogecoin (DOGE), Cosmos (ATOM), and Loopring (LRC) could bottom out locally.
Nicknamed the Altcoin Sherpa, the cryptocurrency strategist told his 148,200 Twitter followers that he expected the Dogecoin crypto meme to continue correcting itself on the bitcoin pair (DOGE / BTC).
“Looking for a swing low at 0.00000330 BTC ($ 0.20).”
The source: Altcoin Sherpa / Twitter
At the time of writing, the DOGE / BTC pair is trading at 0.00000396 BTC, valued at $ 0.24.
The next altcoin on the analyst’s radar is Cosmos, a project dubbed the “Internet of Blockchains”. Altcoin Sherpa says the Bitcoin pair (ATOM / BTC) is still correcting towards 0.0004 BTC ($ 24.25).
“ATOM: still quite neutral at the moment. I think it will fall a little more for the BTC pair and even more for the USD pair. “
The source: Altcoin Sherpa / Twitter
Next up is Loopring (LRC), a blockchain that allows anyone to develop a decentralized exchange. Altcoin Sherpa says it will accumulate more LRC if it drops to $ 2.48 and $ 2.07.
“LRC: I’m comfortable with this altcoin. I’m bidding slightly lower for the Fib levels 0.382 and 0.50.
The source: Altcoin Sherpa / Twitter
On Bitcoin, the analyst says a compelling move below $ 60,000 while remaining bullish on the benchmark cryptocurrency could catalyze a major sell-off event.
“The bad thing is that this $ 60,000 zone has been tested so many times in a short period of time. If $ 60,000 is lost, a rapid downward move towards $ 50,000 is likely. The low, which hit the highest high, is at $ 40,000. As long as this level is maintained, I will remain optimistic in the long term. “
The source: Altcoin Sherpa / Twitter
You can see the price of the coin Here.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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