A well-known analyst and trader, operating under the pseudonym DonAlt, has recently shared his bullish outlook on one large-cap altcoin while providing updates on two other popular cryptocurrencies. DonAlt, who has a substantial following on the social media platform X, believes that Litecoin (LTC) is currently showcasing one of the most promising crypto charts in the market.
According to DonAlt’s analysis, Litecoin seems to be forming an ascending triangle pattern on the weekly time frame. This pattern is typically interpreted as a bullish signal, as it indicates that the asset is establishing higher lows over time. The analyst points to speculation surrounding the potential approval of an exchange-traded fund (ETF) for Litecoin as a key factor driving this bullish sentiment.
As of the time of writing, Litecoin is trading at $129 per token. Moving on to Bitcoin (BTC), DonAlt notes that the leading cryptocurrency is facing some challenges at the moment. He suggests that the optimal entry point for a long position in Bitcoin is above $101,000, as the asset is currently trading within a defined range with support around $95,000 and resistance around $101,000.
Bitcoin’s current price stands at $96,836. Shifting focus to Binance Coin (BNB), the analyst highlights the positive momentum the sixth-largest cryptocurrency is experiencing on the monthly time frame. DonAlt is particularly optimistic about BNB’s price action after it broke out of a range that has been in place since early 2021. He emphasizes that a sustained price above $625 would further strengthen the bullish case for BNB.
At the time of writing, BNB is trading at $667. For the latest updates on cryptocurrency price movements and market trends, be sure to subscribe to receive email alerts directly to your inbox. Stay informed and follow us on X, Facebook, and Telegram for real-time updates. Don’t miss out on the latest insights and analysis from industry experts.
In conclusion, the cryptocurrency market is showing signs of bullishness, with Litecoin, Bitcoin, and Binance Coin all attracting attention from traders and analysts. Keep a close eye on these assets as they navigate through the evolving market conditions.