There are all kinds of optimistic predictions about the price of some digital assets these days.
It’s been just reported that Michaël van de Poppe says that Cardano (ADA) and Litecoin (LTC) are almost ready to ignite the next phase of their bull cycles.
In a new video, he said that Cardano is ripe to end its multi-month consolidation against Bitcoin (ADA/BTC).
“If we do crack the range high, I think we’re going to have a new impulse wave and start to continue running. In a new impulse wave, you should be aware of the fact that you have a [resistance to support] flip of this level at 0.0000235. If that happens, we can see continuation happening in general,” he said.
He also said that the bull cycle of ADA/BTC is still in its early stages as he believes the pair has a lot of upside potential.
ADA can hit $2.40
Regarding the ADA/USD pair, Van de Poppe says that a breach of the pair’s immediate resistance will catapult Cardano to as high as $2.40.
“I think once we break this red line ($1.36), we just overshoot the previous high, start consolidating and then start continuing as than the previous breaker becomes the previous high as a support zone. As long as that flips, we just continue moving,” he said.
Speaking about Cardano, it’s been recently revealed that the team behind the project dropped an important message on their social media account. Check it out below.
We are thrilled to announce the launch of ADA Pay on Cardano’s Shelley Mainnet with the first merchant being the famous charitable organization: Save The Children. https://t.co/c0udUA6fMO$COTI $ADA @CardanoStiftung https://t.co/IWzioCHqE9 pic.twitter.com/WYGfrSaKPV
— COTI (@COTInetwork) April 29, 2021
It’s also worth noting the fact that the crypto strategist also sees bright things for Litecoin, which he says is poised to ignite a 65% move against Bitcoin (LTC/BTC).
“Litecoin looks great for a bullish impulse wave.”