According to analysts who have forecasts, three altcoins to watch at the beginning of the new year are listed.
3 altcoins to follow
One analyst, who is closely followed by his timely accurate Bitcoin (BTC) and altcoin forecasts, says he is watching three altcoins showing signs of strength to start the year. Also for the analyst’s successful forecasts cryptocoin.com See this article. The analyst, nicknamed DonAlt, tells his 448,700 Twitter followers that his favorite altcoin right now is the peer-to-peer payments network Litecoin (LTC). However, Litecoin is trending bullish against the US dollar and Bitcoin (LTC/BTC), according to the crypto strategist. In addition, the analyst said in a statement on his channel:
“The BTC pair broke down only to relish the low range. As long as 0.00319 BTC ($53.05) holds, I have to assume we’re going to hit 4x higher. USD parity also broke out, but it is not that strong BUT it will close the year strong. LTC has also halved [this] year. Good coin.”
At the time of writing, LTC is changing hands at $74.59, up over 7% in the last 24 hours.
Monero (XMR)
Another altcoin on the investor’s radar is the privacy-focused protocol Monero (XMR). However, according to DonAlt, Monero shows relative strength against Bitcoin (XMR/BTC). In a statement to Monero, the analyst said:
“The 0.0073 BTC ($121.39) looks very good against BTC as long as it holds the breakout level. The USD pair is less useful. It’s in a huge range from ~$90 to ~$230. It’s a remarkable strength, especially considering the rest of the sub-sector has dropped fundamentally 90% against BTC. I love it for 2023.”
At the time of this writing, Monero is changing hands at $148.87, up 1.35% on the day.
Tron (TRX)
The last altcoin on DonAlt’s list is the smart contract protocol Tron (TRX). According to the crypto analyst, TRX is already looking “great” against Bitcoin (TRX/BTC). In a statement to Tron, the analyst said:
“I have rarely seen a better looking higher timeframe BTC chart combined with such a meh looking USD chart. I hate to say it but this is probably one of the cryptocurrencies to watch in 2023. It is starting to look good above $0.063 against the USD.”
Also, at the time of writing this, TRX is partially changing hands on the day at $0.054.