Renowned crypto trader DonAlt shares his valuable insights into the current market trends, shedding light on two altcoins that have captured his attention.
Top Altcoin Picks
Lido Dao
During a recent strategy session, DonAlt, whose YouTube channel boasts of over 50,700 subscribers, highlighted the potential of LDO, the native token of liquid staking service Lido DAO.
Despite a significant retracement from its peak of $2.48, DonAlt emphasizes that LDO remains an appealing choice for those bullish on altcoins.
At the time of writing, LDO is trading at $2.14, presenting an enticing opportunity for investors.
Litecoin
Another altcoin that has caught DonAlt’s attention is Litecoin (LTC), primarily due to its forthcoming halving event. He believes that this event, set to occur in approximately 80 days, adds an element of time-based anticipation to LTC’s performance. With 50 days remaining for the Litecoin move to unfold, DonAlt expresses a keen interest in potentially re-entering the market.
“Time invalidations play a crucial role in his strategy for altcoins. If Litecoin fails to show significant movement in the next 10, 20, or 30 days, it may lose its appeal as an interesting trade, prompting an exit.
For ETH it should be 2 weeks”
Currently trading at $92.45, Litecoin offers a tempting prospect for investors seeking profitable trades.
Related: Litecoin (LTC) Price To Surge 50% in the Next 8-10 Weeks, But There’s a Catch – Coinpedia Fintech News
Ethereum (ETH)
Finally, DonAlt finishes off with some new information about Ethereum (ETH), the cryptocurrency industry’s most prominent smart contract platform. Despite facing stiff competition around the $2,000 mark, Ethereum has shown tenacity and resilience. According to market analysts, bullish investors will benefit if ETH doesn’t see any substantial price drops. If this range-bound market persists for another two weeks, he says, buying Ethereum to hold may become an appealing option.
The current price of one Ethereum is $1,822.
Source: https://coinpedia.org/altcoin/crypto-market-analysis-top-3-picks-for-the-upcoming-altcoin-season/