{"id":36215,"date":"2022-11-25T16:20:00","date_gmt":"2022-11-25T16:20:00","guid":{"rendered":"http:\/\/egrowonline.com\/?p=36215"},"modified":"2022-11-25T16:20:00","modified_gmt":"2022-11-25T16:20:00","slug":"crypto-analyst-who-accurately-predicted-2018-bitcoin-bottom-updates-outlook-on-ethereum-and-litecoin","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=36215","title":{"rendered":"Crypto Analyst Who Accurately Predicted 2018 Bitcoin Bottom Updates Outlook on Ethereum and Litecoin"},"content":{"rendered":"


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A popular crypto analyst who gave an accurate forecast of Bitcoin\u2019s (BTC<\/a>) bear market bottom in 2018 is sharing what he thinks is ahead for Ethereum (ETH<\/a>) and Litecoin (LTC<\/a>).<\/p>\n

Pseudonymous crypto trader Smart Contracter tells<\/a> his 214,300 Twitter followers that BTC alternative Litecoin is breaking out of its accumulation phase as the altcoin surges past $77.32.<\/p>\n

\u201cLTC of all coins trying to break out of a rather large accumulation. Of all things I wasn\u2019t expecting LTC to be the one to do things.\u201d <\/em><\/p>\n

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Source: Smart Contracter\/Twitter<\/figcaption><\/figure>\n

The strategist says the price breakout is due to Litecoin\u2019s upcoming halving event, which will cut mining rewards for LTC in half and reduce the number of tokens that get put into circulation.<\/p>\n

Previously, he had said<\/a> that the token\u2019s price pattern is similar to that of Bitcoin prior to the leading crypto asset\u2019s halving events.<\/p>\n

\u201cStatistically BTC tends to bottom around 500 days before halving so With that in mind this accumulation breakout [of] LTC starts to make sense considering this accumulation is already three months old and there\u2019s only 227 days until the LTC halving.\u201d <\/em><\/p>\n

Smart Contracter says LTC could surge to around the $98 price level. At time of writing, the altcoin is changing hands for $77.95.<\/p>\n

\u201cLTC is showing a beautiful acceptance ABOVE multi-month accumulation breakout, greatly reducing the chance of a fakeout imo [in my opinion]. We\u2019re still a whopping 25% away from any decent structure\/resistance as well.\u201d <\/em><\/p>\n

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Source: Smart Contracter\/Twitter<\/figcaption><\/figure>\n

As for Ethereum, the analyst says<\/a> he\u2019s bullish on the leading smart contract platform as it was recently able to convincingly reverse course past a diagonal resistance line.<\/p>\n

\u201cSo far, so good assuming a range here on BTC and ETH.\u201d <\/em><\/p>\n

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Source: Smart Contracter\/Twitter<\/figcaption><\/figure>\n

ETH is currently trading for $1,200 at time of writing.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Jorm S<\/span><\/em><\/p>\n<\/p><\/div>\n


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A popular crypto analyst who gave an accurate forecast of Bitcoin\u2019s (BTC) bear market bottom in 2018 is sharing what he thinks is ahead for Ethereum (ETH) and Litecoin (LTC). Pseudonymous crypto trader Smart Contracter tells his 214,300 Twitter followers that BTC alternative Litecoin is breaking out of its accumulation phase as the altcoin surges […]<\/p>\n","protected":false},"author":1,"featured_media":36216,"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":[42],"tags":[4469,646,50,828,62,158,199,469,2921,468],"class_list":["post-36215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-accurately","tag-analyst","tag-bitcoin","tag-bottom","tag-crypto","tag-ethereum","tag-litecoin","tag-outlook","tag-predicted","tag-updates"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/Outlook-on-Ethereum-and-.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36215","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=36215"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36215\/revisions"}],"predecessor-version":[{"id":36217,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/36215\/revisions\/36217"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/36216"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36215"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}