A widely followed crypto analyst is outlining what\u2019s ahead for Bitcoin (BTC<\/a>), Ethereum (ETH<\/a>), and Litecoin (LTC<\/a>) while issuing a warning to investors about altcoins.<\/p>\n Pseudonymous crypto trader Rekt Capital tells<\/a> his 334,000 Twitter followers that as long as the king crypto continues to trade below the $17,400 level, it will be in danger of hitting new lows.<\/p>\n \u201cBTC\u2019s recent recovery still sees price trading below the Monthly resistance of ~$17400. <\/em><\/p>\n As long as $BTC remains below this resistance, there will always be a threat of rejecting more strongly into downside continuation and new lows.\u201d <\/em><\/p>\n Bitcoin is moving for $16,591 at time of writing.<\/p>\n Setting his sights on the leading smart contract platform, Rekt Capital says<\/a> that Ethereum may be showing weakness as sell pressure continues to build up.<\/p>\n \u201cETH has been forming consecutive lower highs for the past three months.<\/em><\/p>\n This demonstrates mounting seller pressure at lower and lower levels. Also ETH has retraced almost the entirety of the move that began in July. May be a sign of a weakening ~$1100 support.\u201d <\/em><\/p>\n Ethereum is changing hands for $1,021 at time of writing.<\/p>\n Moving on to BTC alternative Litecoin, the analyst notes<\/a> that if LTC wants to continue its rally, it needs to close out the month of November above the $67 price tag.<\/p>\n \u201cLTC upside wicks have gone up to as high to the $85-$98 region (blue) before ultimately rejecting there. Price needs to monthly close and hold above $67 to move higher next month.\u201d<\/em><\/p>\n LTC is currently valued at $77.84.<\/p>\n Lastly, Rekt Capital issues<\/a> a warning to traders, saying that he\u2019d be cautious of investing into altcoins until they reclaim the levels they recently flipped from support into resistance.<\/p>\n \u201cMany Altcoins appear to be potentially turning old broken down supports into new resistances. Until altcoins are able to reclaim these recently lost levels, it\u2019s better to be cautious.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em>
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