The peer-to-peer payments network for Litecoin is something to keep an eye on right now (LTC).
A fake trader named Cantering Clark tweets on Twitter that LTC is forming a structural pattern that has previously pointed to bottoms and reversals.
On Cantering Clark's chart, LTC is seen bouncing off a support level at roughly $71.
The trader in Binance Coin (BNB), the native token of the biggest cryptocurrency exchange in the world, sees similar prospects. He asserts that BNB should benefit from the increased trust as the FUD (fear, uncertainty, and doubt) that Binance experienced in recent weeks regarding its solvency has subsided.
We are in a situation where it makes sense contextually to define short-term bias in both ways. A tempting short opportunity with risk specified above today's high arises if the long is invalidated by a loss of about 253.
The well-known trader claimed Solana (SOL), a rival to Ethereum (ETH), was getting close to a low last week.
It appears like the market may be a little busy right now. I believe that the fact that everyone is forecasting a further 50% decline and that I am forecasting a price of $3 indicates that this market is utterly unbalanced and may be bottoming out right now.
So far, the cryptocurrency trader has properly identified Solana. SOL has increased by more than 60% from its low of $8.0 to its current price of $13.17.