According To Top Analysts, LTC, APE, and One DeFi Ready For Rallies
A well-known crypto strategist says that Litecoin (LTC), Apecoin (APE), and SushiSwap (SUSHI) look like they are ready to rally against the bear market.
Altcoin Sherpa, a fake analyst, tells his 184,700 Twitter followers that the prices of these three digital assets are most likely to go up.
“Best current coins to long in the short term IMO [in my opinion]: APE, SUSHI, LTC.”
Sherpa now focuses on Binance Coin (BNB), saying that the cryptocurrency issued by the world’s largest cryptocurrency exchange may also go up.
“Mega EMA [exponential moving average] support on the 4 hours around here. I think this is a decent area to long tbh [to be honest] but I don’t see a ton of s/r [support/resistance] support. Still a good one to consider for longer-term plays though.”
In a new strategy session video, Altcoin Sherpa also gives a market update on Bitcoin (BTC).
He says that Bitcoin’s price will likely start to rise again early next month, after falling quickly from $21,000 when the FTX crypto exchange crashed in early November.
“I do believe that price should fill out some of this inefficient move here from $21,000 all the way down to $15,000… I am not saying it’s necessarily going to go to $20,000, but maybe it goes like $18,000 or something like that. And then potentially new lows. I don’t know where the new lows will go.”
At the time of writing, one Bitcoin is worth $16,833.
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