A preferred crypto dealer is weighing in on the prospects of Litecoin (LTC), Bitcoin (BTC) and Ethereum (ETH) transferring ahead.
Beginning with Litecoin, the pseudonymous analyst Bluntz tells his 223,000 Twitter followers that the 14th-largest crypto asset by market cap is consolidating in readiness for what might be a breakout.
In keeping with Bluntz, the upcoming halving of Litecoin is more likely to maintain the altcoin bullish. Litecoin’s third halving is predicted to happen in about two months.
“Stable excessive timeframe contraction occurring on LTC. I believe the halving narrative retains this one propped up.”
Trying on the chart, it seems that the analyst is predicting a symmetrical triangle breakout for Litecoin en route towards his goal above $110.
Litecoin is buying and selling at $86.96 at time of writing.
Turning to Bitcoin and Ethereum, the pseudonymous analyst says that the 2 main crypto belongings might commerce in a variety for some time earlier than breaking down. Nonetheless, Bluntz says that the plunge might take a while.
“Thus far, lows holding on each BTC and ETH.
Wouldn’t be stunned to see a extra longer drawn-out channel/bear flag play out right here, doesn’t fairly appear like a breakdown is imminent simply but.”
Bitcoin and Ethereum are buying and selling at $26,471 and $1,814, respectively, at time of writing.
Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox
Test Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please be aware that The Day by day Hodl participates in affiliate internet marketing.
Generated Picture: Midjourney
![Bitcoin [BTC], Gold, S&P 500 and a case of the widening correlation](https://www.blocpress.com/wp-content/uploads/2023/03/chart-1905225_1920-1000x600-120x86.jpg)
