Crypto Analyst Warns Bitcoin (BTC) Is “Still Down,” Examines Litecoin, Fantom, and One AI Altcoins

A popular crypto analyst is analyzing Bitcoin (BTC), Litecoin (LTC), Fantom (FTM), and a little-known altcoin that combines artificial intelligence (AI) and blockchain technologies.

Cryptocurrency trader Michaël van de Poppe tells his 643,500 Twitter followers that BTC is “trending lower” after two hard rejections.

“Still declining.

– Hard Denial at $16,800.

– Hard Denial at $16,600.

We appear to be retesting the block around $16,400 per Bitcoin.

If that sweeps and vindicates, the US must rebound.

Otherwise -> $16,200.

Source: CryptoMichNL/Twitter

BTC is trading for $16,625 at the time of writing.

Looking at Litecoin, Van de Poppe He says the payments-focused cryptocurrency is approaching a price zone that would be ideal for potential long trades.

“Litecoin arrived faster than I expected.

Long regions approaching.

Source: CryptoMichNL/Twitter

Litecoin currently costs $66.90.

Even the trader analyses level 1 blockchain Fantom, naming two important price levels for FTM.

“Let’s see if the trend can activate FTM.

Crucial resistance to breaking; $0.2025.

Fundamental support to hold; $0.1990.”

Source: CryptoMichNL/Twitter

FTM is currently valued at $0.202.

Finally, the analyst turns his attention to Fetch.ai (FET), calling machine learning blockchain ‘strong’ on Tuesday.

“I’ve shared this before here, I’ve done that new bearish test, but I haven’t gone as deep as I wanted to get the fill.

It ran and will most likely continue to run if the markets stay stable.

FET is strong.

Source: CryptoMichNL/Twitter

Revisiting FET, Van de Poppe He says the AI-driven blockchain has finally “catched up”.

“Deal, level hit and strong rebound on FET.”

Source: CryptoMichNL/Twitter

FET is trading for $0.096 at the time of writing.

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Disclaimer: Opinions expressed in The Daily Hodl are not investment advice. Investors should do due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that any losses you may incur are your own responsibility. The Daily Hodl does not advise the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.

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