{"id":33953,"date":"2022-11-03T00:06:07","date_gmt":"2022-11-03T00:06:07","guid":{"rendered":"http:\/\/egrowonline.com\/?p=33953"},"modified":"2022-11-03T00:06:07","modified_gmt":"2022-11-03T00:06:07","slug":"analyst-says-solana-sol-gearing-up-for-sizeable-rally-updates-outlook-on-litecoin-ltc-and-ftt","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=33953","title":{"rendered":"Analyst Says Solana (SOL) Gearing Up for Sizeable Rally, Updates Outlook on Litecoin (LTC) and FTT"},"content":{"rendered":"


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A closely followed crypto trader says a rally is in store for Solana (SOL<\/a>), and also updates his outlook on Litecoin (LTC<\/a>) and FTX Token (FTT<\/a>).<\/p>\n

Pseudonymous crypto analyst Altcoin Sherpa tells<\/a> his 186,200 Twitter followers that the Ethereum (ETH) rival could see more than a 50% rally if its current support holds steady at several critical exponential moving averages (EMAs) on the four-hour time frame.<\/p>\n

\u201cI think it\u2019s at a key level on the 4h (four hour time frame), would really like to see this area hold given the EMAs. $30 is the next area up if we fail. I\u2019m still of the opinion we\u2019ll see high $40s though in the coming weeks.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/figcaption><\/figure>\n

At time of writing, Solana is switching hands at $31.27.<\/p>\n

Altcoin Sherpa next sets his sights on Litecoin, which is up 11% in the last 24 hours. He says<\/a> he\u2019s perplexed by the rally, and while he doesn\u2019t see LTC jumping much further, he names $67 as a potential price target.<\/p>\n

\u201cI don\u2019t know why this s**tcoin is pumping. I\u2019d be wary of the incoming levels if they get there, $67 is the 200-day EMA and it\u2019s unlikely this is a sustained pump. Not going to trade this one yet.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/figcaption><\/figure>\n

At time of writing, Litecoin is trading at $60.31.<\/p>\n

Altcoin Sherpa revisits<\/a> the native token of crypto exchange FTX, FTT. He forecasts a rally to $28, about 12% from current prices.<\/p>\n

\u201cI think this one actually does go to $28 eventually but would not buy at this current area. Haven\u2019t looked at this chart in a while but it makes sense for FTX to pump this one.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/figcaption><\/figure>\n

At time of writing, FTT is trading at $25.64.<\/p>\n

The crypto analyst also weighs<\/a> in on Bitcoin (BTC<\/a>), saying that a possible dip to the mid $19,000 level could be an opportune entry point for bulls.<\/p>\n

\u201cIt\u2019s scary to be in an active position right now, better to bid lower in my opinion. Mid $19,000s has interesting confluence with many EMAS (exponential moving averages) on the 4h and S\/R level (support\/resistance levels). Many alts pulling back for now. I\u2019m still of the opinion we go to $23,000 in the midterm for what it\u2019s worth.\u201d<\/em><\/p>\n

\"Image\"
Source: Altcoin Sherpa\/Twitter<\/figcaption><\/figure>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A closely followed crypto trader says a rally is in store for Solana (SOL), and also updates his outlook on Litecoin (LTC) and FTX Token (FTT). Pseudonymous crypto analyst Altcoin Sherpa tells his 186,200 Twitter followers that the Ethereum (ETH) rival could see more than a 50% rally if its current support holds steady at […]<\/p>\n","protected":false},"author":1,"featured_media":33954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[646,3736,296,199,262,469,213,12129,565,84,468],"class_list":["post-33953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-analyst","tag-ftt","tag-gearing","tag-litecoin","tag-ltc","tag-outlook","tag-rally","tag-sizeable","tag-sol","tag-solana","tag-updates"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/Gearing-Up-for-SOL.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33953"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33953\/revisions"}],"predecessor-version":[{"id":33955,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33953\/revisions\/33955"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/33954"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33953"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}