Wednesday, May 12, 2021

Crypto Michael: Cardano, Litecoin, Zilliqa Are Gathering Momentum for the Next Phase of Their Bull Cycles

The widely known crypto strategist and trader, Michaël van de Poppe, popularly known as Crypto Michael, has predicted that Cardano (ADA), Litecoin (LTC), and Zilliqa (ZIL) are gathering momentum for the next phase of their bull cycles.

In a new video, the crypto trader tells his teeming YouTube subscribers that Cardano (ADA) is ready to end its multi-month consolidation against Bitcoin (BTC).

Read Also: UK-Based Challenger Bank Revolut Lists Cardano (ADA) and 10 Other Crypto

Michaël van de Poppe noted:

“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.”

The crypto analyst added that a closer look at the long-term chart shows that the bull cycle of ADA/BTC is still in its early stages, believing that the pair has huge upside potential.

Read Also: Papa Murphy’s Pizza Company in Fresno California Starts Accepting Cardano (ADA)

Regarding the ADA/USD pair, Crypto Michael stated that a breach of its immediate resistance will send its price to the $2.40 price area:

“I think once we break this red line ($1.36), we just overshoot the previous high, start consolidating and then start continuing as then the previous breaker becomes the previous high as a support zone. As long as that flips, we just continue moving.” 

Litecoin (LTC) Is Poised For 65% Surge against Bitcoin (BTC)

Litecoin (LTC) is also on Michaël van de Poppe’s radar. According to the top trader, the cryptocurrency is poised to ignite a 65% surge against Bitcoin (BTC):

“Litecoin looks great for a bullish impulse wave.”

Read Also: Crypto Michael Predicts How High BTC, ETH, ADA, DOT Can Go In This Bull Cycle

Zilliqa (ZIL) Against Bitcoin (BTC) Is In a Strong Uptrend and Ready to Print Gains

According to Crypto Michael, one forgotten altcoin primed to erupt is Zilliqa (ZIL). The trader pointed out that ZIL/BTC pair is in an uptrend and now ready for 120% from its current prices:

“We are ready to make a new run as we just held the previous low, the crucial level of support, and we’re about to break the new high. I think we’re going to run through 500 satoshis (0.00000500) and we’re going to make a runner towards 800 satoshis (0.00000800).”


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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