Digital currencyEconomical

Bitcoin, Light Coin and Ripple are ready to jump


Bitcoin and Ripple are recently ready to experience another price jump, a digital currency market analyst recently said. He also talked about a token called Zilliqa, which grew by more than 500 percent in two weeks, comparing its ascending structure to that of a famous AltQueen.

To Report Daily Hoodel, a digital currency analyst who has a large following on Twitter, recently said he believes Bitcoin, Ripple and another Altcoin are likely to maintain their uptrend despite some market turmoil over the weekend.

The trader, nicknamed Credible, told his 320,000 Twitter followers that he predicted that Bitcoin would fall to $ 42,000 before resuming its uptrend.

He said:

With regard to Bitcoin, we regained a very important level at the end of the last trading week. The last four times the price candle closed higher or lower than this level in the long run, the price moved in the opposite direction over the next few weeks. This time, too, we expect the price to fall to the support of $ 40,000 and then the upward trend will continue.

Bitcoin price chart in weekly view; Credible analysis.

As can be seen from the chart above, this analyst predicts that the bitcoin price will rise above $ 50,000 after the end of the short-term correction process.

Ripple is another digital currency of interest to this analyst. According to him, following the creation of bullish charts on the chart, this digital currency is preparing to start a jump above the $ 1 zone.

Credible added:

The emergence of uptrends in the Ripple market takes a little longer than expected; But this trend is still going on. Rising floors are formed on the chart and the price is slowly rising. We may see price fluctuations in the short term; But I think the formation of uptrends will continue and Ripple will follow its uptrend from this level.

Ripple chart in 2-day view
Ripple price chart in 2-day view.

Based on the chart above, he predicts that the price of Ripple will first rise to $ 1.01 and then rise to $ 1.50.

LightCoin is Credible’s latest digital currency. According to Credible, the Light Coin price chart is similar to the structure of the Zilliqa market. The relatively low market value of this coin has increased in price by about 500% in a short period of time.

Credible said:

The price of Zilika has almost doubled in just two weeks, and LightQueen seems to be technically similar to this token. The next moves in this market will be spectacular.

Comparison of Zilika and LightQueen charts in weekly view
Comparison of Zilika and LightQueen charts in weekly view.

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