Bitcoin, Litecoin & Stellar To Spike Before A Massive Crash, Claims Analyst
Today, the overall crypto market has turned red as the global crypto market cap has plunged by 1.76% over the last 24hrs and is trading at $921 Billion. Amidst this market crunch major cryptocurrencies have dropped below their crucial key levels. For example, Bitcoin, which has plunged below $19,200 area while Ethereum has lost $1,300 support zone.
As the top two cryptocurrencies are trading below their key levels, so do other altcoins like Cardano, XRP, Litecoin, Solanal among others.
However, a closely followed crypto analyst and strategist is predicting an upswing for Bitcoin (BTC), Stellar (XLM) and Litecoin (LTC) amidst their downward movement.
Bitcoin (BTC) Price At $21k
The analyst who is known as Capo informs his 549,100 Twitter fanbase that the digital assets will see a spike until the Consumer Price Index (CPI) isn’t released , which is scheduled for Oct 13.
The analyst expects Bitcoin to spike nearly $21,000 but he also believes there will be a decline after The CPI data is released
No updates = no changes— il Capo Of Crypto (@CryptoCapo_) October 9, 2022
Still holding my longs and the RSR and LIT bags. I will reevaluate later, but still expecting a pump on the market before next CPI data.
21k is likely for $BTC before new lows.
At the time of publication, Bitcoin is changing hands at $19,227 with a drop of 0.57% over the last 24hrs.
Stellar (XLM) Price
Next, Capo talks about Stella (XLM) which is a bridge between two fiat currencies while transferring funds overseas. The analyst claims that XLM is set to surge nearly $0.167 before the currency crashes by 50%
$XLM update— il Capo Of Crypto (@CryptoCapo_) October 6, 2022
No changes. This is how the move would look if you zoom out. pic.twitter.com/ftiObNhZxU
At the moment, XLM is selling at $0.118 after a fall of 6.90% over the last 24hrs
Litecoin (LTC) Price AT $58?
The next currency that has caught the trader’s attention is Litecoin (LTC), a peer-to-peer payment network. In terms of Litecoin, the strategist is of the opinion that Litecoin will see a jump around 12% hitting a target of $58.
$LTC pic.twitter.com/8GKzpP8V8T— il Capo Of Crypto (@CryptoCapo_) October 8, 2022
Currently, Litecoin is changing hands at $52.29 after a drop of 1.96% over the last 24hrs.