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Cryptocurrency analyst and influencer Michaël van de Poppe believes altcoins will rally furiously this summer.
Van de Poppe tells his 228,000 Twitter followers that, “altsummer” is on the horizon as Ethereum goes for new highs in its BTC pair.
The analyst takes to YouTube to reveal which altoins he believes could provide traders the opportunity to earn some serious summer gains.
Van de Poppe kicks off his list with Litecoin (LTC), which he says is currently in an accumulation phase.
“…if you’re looking at the bigger picture you can see that we’ve got this accumulation going on here and that’s massive.”
Van de Poppe adds that after the accumulation phase, the 10th-ranked cryptocurrency by market cap could surge by “3X giving Litecoin a potential value of $1,000.”
The second altcoin that the cryptocurrency influencer is paying close attention to is decentralized oracle network Chainlink (LINK). Van de Poppe predicts that in the event that Chainlink breaks above the current resistance levels, it could more than double its price from the present levels of below $40.
“…you can also make the calculation that Chainlink is going to reach a target of potentially even $100 bucks.”
The cryptocurrency influencer rounds off his list with Stellar Lumens (XLM) which he says is set to rally if it pierces through the current resistance zone at around 0.000018 satoshis.
“[Stellar Lumens is] also facing critical resistance so that if we get another test of this resistance zone we are definitely going to break through that and then we can start seeing acceleration.”
Van de Poppe is also suggesting that he would not be surprised to see Bitcoin appreciate by about 800% from current levels and Ethereum go up by around 900% from current prices during this market cycle.
“This entire cycle is going to be massive, still.
Bitcoin to $500,000? Yeah, why not. Ethereum to $25,000? Yeah, why not.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/stockphoto-graf/GrandeDuc
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