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Reading: Crypto Analyst Reveals Target for LDO Coin, Current Chart Commentary
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EdaFace Newsfeed > Latest News > Technical Analysis > Crypto Analyst Reveals Target for LDO Coin, Current Chart Commentary
Technical Analysis

Crypto Analyst Reveals Target for LDO Coin, Current Chart Commentary

vitalclick
Last updated: September 15, 2024 9:42 pm
4 months ago
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Altcoins because it was painted red again Bitcoin $60,106 price It is not holding at the desired levels for now. Investors are much less courageous because of the big dips that have been made in the downward attempts for months. Of course, this explains the 4 percent loss in altcoins as BTC fell by $ 200 at the time of writing. So what are investors’ predictions for LDO Coin and the rest of the altcoins?

LDO Coin Future CommentAltcoins Target

LDO Coin Future Comment

Cryptocurrency analyst CryptoBullet has dedicated a separate title to LDO Coin in today’s market analysis. The commentator who shares his price targets here can offer investors a different perspective. Ethereum $2,417 We saw LDO Coin price increases directly proportional to the growth of its network. This was also related to its intertwined structure with the ecosystem.

Now that the ETH price has seen a new bottom against BTC, everyone is expecting a real rally in October and beyond. This rally may also affect LDO Coin investors thanks to ETH. CryptoBullet shared the chart below and wrote the following;

“LDO Weekly Chart.

I like this chart. Nice Leading Diagonal! If you are looking to buy LDO Coin, I think this is a good place to start.

I expect a rally for several months.

Target 1 – $8.8

Target 2 – $16.6 (Main Target)

Target 3 – $36.9 (If rally accelerates)”

If the technical model is realized, the price could increase by 1600 percent with a strong move to point C. However, for this to happen, the ETH price must first consolidate its position above $4,000. At the time of writing, ETH is stalling at $2,300.

Altcoins Target

Altcoins has hit the bottom and the total market value will jump to $ 1.8 trillion before the end of March 2025. Michael Poppe wrote this, sharing the chart below. Although it seems ambitious, if we compare these days to the end of 2020, it may not be that impossible. In fact, even ETH is at 2021 levels against BTC. Moreover, we have seen that some altcoins have even fallen below their 2023 lows.

If Poppe’s target is realized, we could see even large-cap altcoins like ETH rise by up to 3x. This would mean gains of more than 10x for some altcoins, while less for others.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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