dailyhodl.com
A widely followed crypto trader thinks Litecoin ($LTC), Cosmos ($ATOM) and the Sandbox ($SAND) are all gearing up for moves to the upside.
The pseudonymous analyst Rekt Capital tells his 347,200 Twitter followers that the peer-to-peer payments network Litecoin is setting itself up for a new price phase.
“$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.”
Litecoin is trading at $87.25 at time of writing. The 12th-ranked crypto asset by market cap is down 1.29% in the past day.
Rekt Capital is also bullish on Cosmos, an ecosystem of blockchains designed to scale and communicate with each other. According to the trader, $ATOM could rise over 20% from current prices.
“The upside continues and $ATOM continues to position itself for a favorable monthly close which could set price up for a revisit of the $11 area over time.”
$ATOM is trading at $9.16 at time of writing. The 26th-ranked crypto asset by market cap is down nearly 4% in the past 24 hours.
Additionally, the trader predicts the metaverse-focused altcoin The Sandbox could surge all the way up to the $0.638 range.
“$SAND was able reclaim black support and rally +14%
In doing so, $SAND could revisit the blue highs over time.”
$SAND is trading at $0.425 at time of writing. The 53rd-ranked crypto asset by market cap is down nearly 4% in the past day.
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