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A popular crypto trader maps out what’s in store for a handful of altcoins, including XRP and Cosmos (ATOM) as digital asset markets witness another sell-off event.

Michaël van de Poppe tells his 627,100 Twitter followers that the seventh largest crypto asset is now at a favorable price level for XRP bulls.

“If the market falls back, I would look at $0.335 for longs.”

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Source: Van de Poppe/Twitter

At the time of writing, XRP is changing hands for $0.333, down 7% on the day.

The next step is Cosmos, a blockchain ecosystem designed to scale and be interoperable. Van de Poppe identifies $13.30 as the first region of support for ATOM, followed by $11.22 and then $9.69.

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Source: Van de Poppe/Twitter

As of this writing, ATOM is trading hands for $13.97, a devaluation of almost 10% in the last 24 hours.

Another altcoin on the merchant radar is peer-to-peer payment network Litecoin (SLD). Despite the latest correction in the crypto markets, Van de Poppe says Litecoin still looks set to rally against Bitcoin (LTC/BTC).

“Looks like we’re going to have a sequel on the older pieces. As long as [0.0028 BTC] hold on SLDwe would be ready to leave.

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Source: Van de Poppe/Twitter

At the time of writing, the pair is valued at 0.0029 BTC worth $58.58.

The last coin on Van de Poppe’s list is the smart contract platform Tezos (XTZ). Van de Poppe says that XTZ needs to hold support at $1.44 to have any chance of sustaining its bullish momentum to rally towards its target at $2.85.

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Source: Van de Poppe/Twitter

At the time of writing, XTZ is trading at $1.53, down almost 7% on the last day.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/jamesteohart





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