Litecoin is expected to take off by Michael van de Poppe, as he shares a likely reason for it. $LTC $BTC
and other top altcoins"should take off." Here is what may propel them to show a price rise, according to his tweet.Poppe believes that the leading cryptocurrency Bitcoin is"ready to break upwards." All the liquidity has been taken, per the analyst, and now that BTC has managed to recover the $30,500 level, Poppe says"we will fly to range highs." This should also push up the price of Litecoin and similar coins, according to the tweet.
Still, Poppe admits that if Bitcoin drops back below the psychological level of $30,000, it is likely to fall lower and roll back to $29,300.Back to support, all liquidity taken (and fairly said, if we drop sub $30,000, we'll crack towards $29,300 but that seems an overcrowded trade.
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