Litecoin, Cosmos, and The Sandbox Poised for Massive Upward Surges According to Analyst
Popular crypto trader, Litecoin (LTC), Cosmos (ATOM), and the Sandbox (SAND) is showing signs of preparing for upward movements.
As per the trader’s analysis, there is a possibility that Litecoin could experience a surge that drives its value up to $110 in the near future
According to a popular crypto trader, Litecoin (LTC), Cosmos (ATOM), and the Sandbox (SAND) is showing signs of preparing for upward movements. The analyst, known as Rekt Capital, who maintains a Twitter following of 347,200 users, suggests that Litecoin, a peer-to-peer payments network, is positioning itself for a fresh price phase. As per the trader’s analysis, there is a possibility that Litecoin could experience a surge that drives its value up to $110 in the near future.
$LTC has successfully retested the blue Bull Flag top which has enabled a return into the red-red range#LTC returning into the red-red range means that it could soon follow the remainder of the red path
Phase 1 looks complete, setting itself up for Phase 2#Crypto #Litecoin pic.twitter.com/f9eXvuV8t5
— Rekt Capital (@rektcapital) June 25, 2023
He further stated:
LTC has successfully retested the blue Bull Flag top which has enabled a return into the red-red range. LTC returning into the red-red range means that it could soon follow the remainder of the red path. Phase 1 looks complete, setting itself up for Phase 2
Additionally, Rekt Capital holds a positive outlook on Cosmos, a network of interconnected blockchains built for scalability and interoperability. The trader suggests that ATOM has the potential to increase by over 20% from its current levels. Rekt Capital stated,
The upward momentum persists, and ATOM remains poised for a promising monthly closure, which could pave the way for a potential return to the $11 range in due course.
The upside continues and ATOM continues to position itself for a favourable Monthly Close which could set price up for a revisit of the $11 area over time#BTC #Crypto #Bitcoin https://t.co/w9w03CUQbV pic.twitter.com/IpaXplfFcN
— Rekt Capital (@rektcapital) June 25, 2023
Furthermore, the trader anticipates significant growth for The Sandbox, an altcoin centered around the metaverse concept, with the possibility of surging up to the $0.638 threshold. The trader observed SAND will successfully reclaim the black support level and experience a rally of +14%. By achieving this, SAND could potentially revisit the previous high points marked by the blue trend line in the future.
Litecoin Price Prediction – Technical Analysis
The relative strength index value stands at 50.45, indicating a neutral stance. Additionally, the stochastic RSI value is 78.06, suggesting a relatively high level and potentially signaling an overbought condition. The MACD value is 0.46, which implies a buy signal and indicates a positive trend in the market. Based on the moving averages analysis, a strong buy signal is indicated in the market. Overall, these factors collectively provide insights into the current market situation.
As of the current moment, Litecoin is trading at $85.23. However, it is important to note that the value of Litecoin has decreased by 4.05% within the last day. Additionally, it has recorded a 24-hour trading volume of $457,843,609. It is worth noting that in the last week, Litecoin witnessed a positive growth of 13.3%. And over the last month, Litecoin experienced a slight decline of 0.9%.
Cosmos Price Prediction – Technical Analysis
The relative strength index (RSI) and stochastic indicators indicate a neutral stance, suggesting a balanced market sentiment. Examining the MACD (Moving Average Convergence Divergence), its value stands at -0.155, meaning a slight sell signal.
However, considering the overall analysis, the sentiment for ATOM leans toward a buy recommendation. Taking into account these factors, it suggests a mixed outlook for ATOM, with the potential for buying opportunities. As of the current time, ATOM is trading at $9.23. It is worth noting that this cryptocurrency, ranked 23rd by market capitalization, has experienced a decline of approximately 1.58% within the last 24 hours.
The Sandbox Price Prediction
At the time of writing, the trading price of SAND stands at $0.408. SAND has observed a decline of approximately 4.60% within the past 24 hours. The metaverse-focused altcoin has recorded a market cap of $765,202,850 with a 4.04% decline.
Over the past five days, there has been a notable increase of 18.80% in performance, indicating that it has outperformed the market during this period. Similarly, within the last month, it has achieved significant growth of 11.94%, positioning itself as an outperformer in comparison to other assets.
Filed under: Bitcoin - @ June 28, 2023 4:21 pm