A popular crypto trader known as Bluntz has recently shared his insights on Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH) and their prospects moving forward. Bluntz has an impressive Twitter following of 223,000 members who value his opinion and his insights on cryptocurrency trading.
Starting with Litecoin, Bluntz says that the asset is consolidating, which could be a sign that it is preparing for a breakout. The 14th-largest crypto asset by market cap is expected to experience a third halving in about two months, which Bluntz believes will keep the altcoin bullish.
Bluntz is bullish on Litecoin and predicts a symmetrical triangle breakout for the asset, with a target price above $110. According to the chart, LTC is trading at $86.96 at the time of writing.
Moving on to the leading crypto assets, Bitcoin and Ethereum, Bluntz says that they could trade within a range for a while before eventually breaking down. However, he believes that this could take some time and is not imminent.
Bluntz notes that the lows of both BTC and ETH are holding. He would not be surprised to see a longer drawn-out channel/bear flag play out before a potential breakdown. BTC and ETH are trading at $26,471 and $1,814, respectively, at the time of writing.
Bluntz’s insights on the crypto market are valuable to investors who are seeking to make informed decisions based on market trends. While Bitcoin and Ethereum may experience some volatility in the short term, Bluntz believes that the overall trend for Litecoin is bullish due to its upcoming halving.
Investors should note that opinions expressed on social media platforms are not investment advice. It is essential to conduct in-depth research and carry out due diligence before making any investment decisions. Despite the potential benefits of investing in cryptocurrencies such as Bitcoin, Litecoin, and Ethereum, investors must be aware of the risks associated with such investments.
The Daily Hodl, which reported on Bluntz’s insights, also provides crypto email alerts and market analysis to help investors stay up to date with the latest news and market trends. They also offer a disclaimer that their opinions are not investment advice, and investors should conduct their due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
In conclusion, the crypto market remains volatile, with investors looking for insights from experienced traders like Bluntz to help them make informed investment decisions. While the short-term outlook for Bitcoin and Ethereum may be uncertain, the upcoming Litecoin halving could offer attractive opportunities for investors looking for a bullish trend.
