A popular crypto analyst, known as DonAlt, shared his thoughts on Litecoin (LTC), Bitcoin (BTC), and BNB.
Litecoin Looking Bullish
DonAlt is bullish on Litecoin, calling its chart “one of the best-looking right now.” He sees a potential ascending triangle forming on the weekly chart, a bullish technical indicator. He believes the optimism stems from speculation surrounding a potential Litecoin ETF. While promising, he cautions that this might take time to play out. Litecoin is currently trading around $129.
Bitcoin: A Waiting Game
For Bitcoin, DonAlt sees a struggle. He suggests the best time to buy (a “long entry”) is above $101,000. He describes Bitcoin’s current price action as a “simple range,” with support around $95,000 and resistance around $101,000. Bitcoin is trading at approximately $96,836.
BNB: Climbing Higher
DonAlt is positive on BNB, noting a bullish monthly chart after breaking above a range established in early 2021. He believes a close above $625 would solidify the bullish case. BNB is currently priced at $667.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
