As we put the market turbulence of March behind us, prominent crypto analyst and trader, Michael Van De Pope, in a new video which surfaced online phas suggested that Ethereum and Litecoin will outperform Bitcoin in the next leg of the bull cycle which many believe will commence in April as Bitcoin is expected to set a new all-time high. In the case of Ethereum, Van De Pope's propositions are based upon his observation that the prevailing fear, doubt, and uncertainty (FUD) around the second largest cryptocurrency by market capitalization should guarantee a massive breakout once ETH 2.0 starts to roll.
Here are some of his highlights on Ethereum quoted verbatim according to Daily Hodl,
As long as Ethereum stays in this region between 0.028 and 0.03, everything is fine. Even if Ethereum drops towards 0.0265, everything is still fine. And from the entire group of all altcoins, this is one of the few that’s actually looking the best in this entire structure. As long as it stays here, it is looking bullish in itself.
As regards his predictions on Litecoin, Van De Pope postulates that the price of the digital silver has remained far below the expected Satoshi levels for longer than necessary, indicating that the coin is about to witness a renewed interest that will make it outperform Bitcoin. He then projects that if the present trend of Litecoin continues, it is expected to reach Satoshi levels of 0.0058 which is a little bit above 90% from the present price levels.
Here are his comments on Litecoin according to Daily Hodl,
I’m getting interested when I see such a huge amount of Litecoins being traded, which means to me that there is higher accumulation going on… You want to see a bounce up, people become FOMOish, people see Litecoin going strong, etc. Makes a slight move of 20%. Then you generally don’t want to chase the trade but once it flips this region (0.003) we can start having a trend like this again (move from 0.007 to 0.016).
Michael Van De Pope has over 180,000 followers on Twitter and is one of the most influential crypto analyst on the platform. The next one month will be very critical in seeing how far these fresh predictions would go.