Cryptocurrency News Today TheBitTimes.com

A crypto strategist who has earned the “Master Trader” rank on the digital asset exchange Bybit thinks Litecoin (LTC) is gearing up for a big burst to the upside. Pseudonymous analyst Bluntz tells his 315,900 followers on the social media platform X that looks bullish against the US dollar and Bitcoin (BTC). According to the trader, LTC appears to have completed an ABC corrective wave against the US dollar while flashing a bullish swing failure pattern (SFP) on its Bitcoin pair. Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to witness a fresh five-wave rally after completing an ABC correction. Meanwhile, a bullish SFP is a reversal signal indicating that sellers tried to push the price of an asset down but strong demand pushed prices higher. Says Bluntz, “LTC of all things is trading like the market knows an ETF (exchange-traded fund) is imminent, very strong against USD pair and a weekly SFP on the BTC pair....

A closely followed analyst who nailed the pre-halving Bitcoin correction last year thinks altcoins are close to igniting big rallies and outperforming BTC. Pseudonymous analyst Rekt Capital tells his 531,500 followers on the social media platform X that the altcoin market is at a stage where it is being overlooked by most traders. But the trader notes that the prevailing bearish sentiment is setting the stage for altcoins to ignite upside bursts, leaving many traders on the sidelines. “February has been a strong month for altcoins in both 2023 and 2024. Could altcoins enjoy a strong February for the third year in a row? If so, then altcoins should be close to their ‘Lowest Hype’ areas before preceding upside over the coming weeks.” Source: Rekt Capital/X Based on the trader’s chart, he seems to suggest that altcoins are presenting prime entry opportunities for investors before alts top out in April. Looking at Solana, the trader ...

A closely followed crypto analyst says one catalyst could send the altcoin market soaring for months. The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that if Ethereum (ETH) breaks through a key resistance level “the next few months are going to be life-changing.” “Breaking out would enable a massive influx of money flow into smaller altcoins. And Ethereum breaking out to new all-time highs would be a major catalyst on a technical side in making all these other altcoins rally quite substantially.” According to the trader, ETH needs to break through $4,000 to ignite massive altcoin rallies. “It’s weekly closes and successful retests [at the $4,000 level] that have enabled moves to essentially new all-time highs. So $4,500 would occur once we actually managed a weekly close inside here and retest this [$4,000 level] as support. That would enable a revisit of old all-time highs, and probably u...