A crypto analyst took to Twitter on November 21 to share his expectations for the local bottoms of certain cryptocurrencies after a capitulation event. According to the post, the analyst expects Bitcoin’s bottom to be between $12k and $14k. For Ethereum (ETH) and Cardano (ADA) he expects their bottoms to be between $600-$650 and $0,16-$0,20 respectively.
He also shared his expectations for Litecoin (LTC), Polkadot (DOT) and FTX Token (FTT), and believes these tokens will reach their bottoms at $29-$32, $2.8-$3.1 and $0.000001 respectively.
Bitcoin / TetherUS 1D (Source: CoinMarketCap)
When looking at the prices of some of these cryptocurrencies, CoinMarketCap indicates that BTC is currently trading at $15,701.40 after a 2.77% drop in price over the last 24 hours. The crypto market leader is also still in the red by more than 6% over the last week.
BTC’s 24-hour trading volume is up by more than 13% and now stands at $329,730,569,965.
Cardano / TetherUS 1D (Source: CoinMarketCap)
ADA is currently worth $0.3008 after a 1.06% drop in price over the last day, and after reaching a low of $0.3003 over the same time period. The altcoin was able to strengthen against BTC and ETH by about 0.97% and 2.70% respectively.
Litecoin / TetherUS 1D (Source: CoinMarketCap)
LTC is one of the few cryptocurrencies in the green for today. At the moment, LTC is trading at $61.77 after a 1.77% increase in the altcoin’s price over the last day. In addition to this, the crypto is up by more than 5% over the last seven days.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post Analyst Shares Expectations For Local Bottoms Of Certain Cryptos appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
