A popular crypto strategist known for selling Bitcoin (BTC) at its peak said that Ethereum has shown extraordinary strength against BTC.
This altcoin is showing strength against Bitcoin
A popular crypto strategist known for selling Bitcoin (BTC) at its peak says Ethereum (ETH) has shown unprecedented strength against king crypto. Nicknamed analyst DonAlt tells his 449,100 Twitter followers that the smart contract platform dominates other altcoins in price ratio to BTC. The analyst said in a statement:
“Never in the history of crypto has there been such a dominant coin against BTC in such a time frame. Frankly, I was impressed. This is the kind of dominance you want to see to set yourself apart from other altcoins.”
Looking at DonAlt’s chart, it shows that since June 2021, ETH/BTC has been trading in the $0.569 high to $0.0850 range since June 2021. At the time of writing, Ethereum is trading at $1,265 or ETH/BTC at $0.0751.
This altcoin is in an uptrend
The famous analyst says that Litecoin (LTC) continues its uptrend and sets a price target of $100 if it crosses the $80 resistance level. The analyst said in a statement:
“There is nothing more than $100 above $80. It’s still been a long, rather cold ride. Nothing has changed, my LTC trading is a high time frame volatility trade, please stop asking me for an update every 10 minutes, please stop asking me where to short.”
DonAlt said he bought an undisclosed amount of Litecoin at $60 in November, sold an undisclosed lower amount at $77, and later repurchased at $70. Litecoin is worth $75.51 at the time of writing. While DonAlt was selling Bitcoin holdings at the highest price, he recently repurchased Bitcoin from the low range of $16,000 in the “long term”. Currently, Bitcoin is changing hands at $16,819. For previously holding predictions by crypto analyst DonAlt cryptocoin.comCheck out this article.
The analyst made Bitcoin and altcoin purchases again
DonAlt stated that he is returning to the crypto markets by accumulating BTC, Ethereum (ETH) and other altcoins. In a recent strategy session, he said that he now wants to see if BTC can hold on to a key support level. The analyst said that Wednesday’s huge daily candle is key and he doesn’t want to see BTC fully retrace below the $17,065 zone. Don says that if he can hold the bottom line, it will be “extremely bullish” in the leading digital asset.
DonAlt later said that Ripple Labs also bought XRP, a digital asset that is a core part of its payment platform. In his last statement, the analyst said:
“I finished my purchase today. I bought a lot of BTC long term. I bought a lot of LTC as a trade. I bought some XRP for the meme.”