• Crypto analyst Michael Van de Poppe believes that Avalanche (AVAX) is likely to rally, and has updated his forecast for Litecoin (LTC) and Zilliqa (ZIL).
• Van de Poppe sees AVAX potentially cooling off a bit before making its next move upwards. He expects ZIL to pullback to around $0.018 after rallying 60% in the past month.
• For LTC, he suggests that it must hold above its 200-week exponential moving average in order to have a chance of rallying before its halving event in August.

Crypto Analyst Predicts Further Rallies for Avalanche

A widely followed crypto strategist believes that Ethereum (ETH) challenger Avalanche (AVAX) is gearing up for a move to the upside. Trader Michaël van de Poppe tells his 660,000 Twitter followers that AVAX looks bullish after briefly moving above resistance at $14. According to Van de Poppe, Avalanche looks poised for a cooldown period before igniting the next leg up. “Great move here, breaking through previous highs. Swept all the highs, so some consolidation seems likely. In that regard, areas at $12.70-$12.95 are potentially for buying the dip towards $16.”

Updates Forecast on Litecoin and One Additional Altcoin

Next up is Zilliqa (ZIL), a blockchain designed for enterprise solutions. Van de Poppe says that ZIL is likely due for a pullback to around $0.018 after a 60% rally in about a month. “Good move on ZIL earlier, as we took out all the highs. That’s why I’ll be waiting for these lows and then start investigating for longs.”

As for the peer-to-peer payments network Litecoin (LTC), Van de Poppe says that the altcoin must stay above the 200-week exponential moving average (EMA) to have a shot at rallying before its next halving event, which is slated for August.”We are looking at a case that we are currently retesting the 200-week EMA and that we are surely looking at a case to hold here if we want anything to continue to pursue in order for Litecoin going into the halving.”

Current Prices For Coins Mentioned

At time of writing, AVAX is trading for $13.33 while ZIL stands at $0.019 and LTC stands at $93.86 below its 200-week EMA which hovers around $95.50..

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Conclusion

Crypto analyst Michael van de Poppes’s latest comments suggest further upside potential ahead from Avalanche’s current price point as well as an expected pull back from both Zilliqa’s recent gains as well as Litecoins ability to remain above its important technical indicator -the 200 week Exponential Moving Average – prior ot its upcoming Halving Event in August 2023