Here’s What’s Next for Binance, Chainlink, and Four Additional Altcoins, According to Top Analyst

Popular crypto strategist Michael van de Poppe is outlining what will happen to half a dozen altcoins including Binance Coin (BNB) and Chainlink (LINK).

Van de Poppe tells his 622,300 Twitter followers that BNB, the interest token of the Binance crypto exchange, is still in a strong uptrend, but expects a slight pullback in the near term.

“We’re looking to see if $295 backs up the support. If that’s the case (and I doubt we’ll retest), I’m assuming $375 is next.”

source: Van de Poppe / Twitter

At the time of writing, BNB is trading at $316, flat on the day.

Next up is Chainlink, a decentralized oracle network. According to the crypto strategist, he is also anticipating a minor pullback for LINK before it rises to its upside target of $12.

“We expect to see an $8 contract as support and then a $12 contract on the board for a potential target.”

source: Van de Poppe / Twitter

At the time of writing, LINK is swapping hands for $8.51, down 2.29% from today.

Another coin on Van de Poppe’s radar is Litecoin (LTC) peer-to-peer payments network. The analyst says that LTC should keep its immediate support intact to maintain its uptrend.

“The trend is still bullish, but it is facing critical resistance at $65. I would like to see it hold above $58 and I would look for long positions around $60. If these are pending, there is no doubt that we will see a continuation to $75 and possibly $95 “.

source: Van de Poppe / Twitter

At the time of writing, LTC is trading at $61.75, up 1% over the past 24 hours.

Smart contract platform Harmony (ONE) is also on the Van de Poppe list. According to the trader, Harmony is flashing aggressively in the Bitcoin (ONE/BTC) pair.

A clear support block should be established around 0.00000115 BTC ($0.027). If this is the case, then I would assume another payment towards 0.00000165 BTC ($0.039). Entries are also in the region of 0.00000114-0.00000125 BTC ($0.027 – $0.030).”

source: Van de Poppe / Twitter

At the time of writing, ONE/BTC is worth 0.00000124 BTC ($0.03).

The fifth altcoin is Celer Network (CELR), a scaling platform designed to enable off-chain transactions in a secure manner. Van de Poppe expects a 40% rise for the CELR as long as the bulls hold the closest support to the currency.

“The trend is to the upside, as consistently higher lows are being created. I would like to see $0.0235-0.024 hold as support and after that $0.034 is possible.”

source: Van de Poppe / Twitter

At the time of writing, CELR is up over 3% on the day at $0.025.

Van de Poppe is also monitoring the price movement of the Reserve Rights (RSR) token, a cryptocurrency that aims to facilitate the stability of an asset-backed stablecoin known as Reserve Token (RSV). According to the crypto strategist, the RSR is a bit tricky to trade because losing support at $0.007 could lead to a drop of more than 17%.

“Currently on support, but if I lose that, I don’t know if I want to play $0.0065 or if I want to play $0.00575. The goals are clear, and most likely $0.01 can be achieved if support is suspended.”

source: Van de Poppe / Twitter

The RSR is flat intraday, and it is trading at $0.0074.

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Featured image: Shutterstock/Roman Amanov

#Heres #Whats #Binance #Chainlink #Additional #Altcoins #Top #Analyst

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