The cryptocurrency market is going through a period of slow correction Bitcoin. After registering close to $ 65,000, BTC was down below $ 54,000.
Meanwhile, some altcoins are showing signs that they could overestimate BTC.
Some of them are among the largest cryptocurrencies by market value, according to popular cryptocurrency analyst Micha Micl van de Poppe.
In a recent video, he recommended three high-value alternative currencies with good profit potential in the short term.
Litecoin (LTC) could rise 250%
First, the analyst said he is optimistic about Litecoin (LTC). LTC is currently trading at $ 287, up 6% over the past 24 hours.
According to the analyst, “digital silver” is showing signals that it will initiate a bullish movement after going through a period of accumulation:
We are breaking this period of accumulation. Therefore, we can start a new wave of momentum (…) This alternative currency is definitely at the top of my list. “
According to him, the price of Litecoin could more than triple to $ 1,000. Thus, if expectations are fulfilled, LTC would increase by 250% and cost approximately R $ 5,500, quoted in rials.
Chainlink (LINK) can go up 150%
Van de Pope then mentioned that Chainlink (LINK) price chart is also indicating an increase. As the analyst explained, LINK’s forecast is similar to Litecoin’s.
“We see that [a LINK] It also has a resistance zone that we need to break through. Until we break, we are only in a period of accumulation, as we saw earlier. ”
Van de Poppe indicated that if LINK breaks through this crucial resistance zone, it may start to rally in the coming weeks.
Chainlink is currently trading at around $ 40, with a down 4.4% in the past seven days.
However, according to van de Poppe, a 150% rally could still be seen – with LINK being left in the $ 100 zone.
Stellar (XLM) can jump 220%
Finally, the analyst pointed out that Stellar (XLM) could also deliver good dividends for investors.
Like the previous altcoins, XLM also faces a resistance zone. And if you manage to overcome it, it will start to accelerate.
Van de Poppe estimates that the price for the Stellar could rise from the current $ 0.50 USD to $ 1.60 (R $ 8.80). In other words, it would be a 220% positive variance in its price.
It is worth noting that in the past seven days, the price of the Stellar has decreased by about 20%.