Analyst Identifies Two Major Altcoins Set to Impact Markets During Ongoing Market Decline

According to a renowned crypto strategist, there are two prominent altcoins that could potentially make a significant impact on the digital asset markets as a whole.

During the current correction in the cryptocurrency market, Michaël van de Poppe, an analyst with a significant Twitter following of 657,600 users, has turned his attention to Litecoin (LTC) and XRP. These two digital currencies are involved in peer-to-peer and cross-border payments, respectively.

According to Van de Poppe, these two altcoins hold the potential to revitalise the crypto markets. The individual advises their followers to stay vigilant and focused, stressing the significance of keeping a close eye on XRP and LTC. They believe that these two cryptocurrencies will have a significant impact on market trends and movements. In addition, he recommends monitoring whether the overall market capitalization will exceed the 200-week moving average in the coming week.

DonAlt, a well-known trader, is keeping a close eye on XRP and LTC. He believes that the underlying narratives associated with these altcoins could potentially trigger a bullish price movement.

DonAlt emphasises the importance of investing in assets that possess compelling narratives. According to him, he has been engaging in active trading of Litecoin and XRP due to their unique narratives. For instance, he is interested in Litecoin’s halving event and XRP’s ongoing legal case with the SEC. According to DonAlt, these are the only altcoins that he deems worthy of trading.

At present, XRP is being traded at a price of $0.52, whereas LTC is currently valued at $77.58.

In addition, Van de Poppe has conveyed a positive outlook for Chainlink (LINK), which is a decentralised oracle network, over the long term. The user shared that they are currently accumulating LINK at $5 and Litecoin at $77, which suggests that they have a positive outlook on the future of these assets.

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.