Ethereum is the 2nd most loved cryptocurrency. It takes less than a minute to transfer while Bitcoin now takes more than 30 minutes for a transaction! Ethereum price looks very strong and I’m super bullish on ETH. There are number of technical and fundamental reasons behind that. Such as:
- Tried to break below the support $625 but reject it by super bullish move above $650
- Next 2-weeks price forecast is $832 then $936 on (90 Billion Market Capital)
- Price should move towards $1040 on any positive report within next 3 weeks!
- More than 80% Tokens are Ethereum based & getting bigger market cap and popularity everyday.
- Big corporations are backing it e.g Microsoft, JP Morgan & more new corporations starts recognize it such as Surf Air here is a source
- Adoption of ethereum blockchain based platform is raising in real business such as Air New Zealand
- Ethereum Futures will be available in early 2018 on US Exchanges as BTC already started. Here is some good source among many
- Getting more media coverage now, which would influence people who failed bying Bitcoin at early days.
- Any control over ICO’s (Ban/Regulation) could hit Ethereum price really bad for a while.
Litecoin might get some correction. But everything depends on next price action. Market just hit 20 Billion Market Capital at $370. Forecast for next 3 weeks.
- Next Price would be $462 if price break above $370, price of the next 2 daily candle closing is important
- $555 is the resistance and full potential target if price break bullish above $370. Market Cap. Would be 30 Billion with the price $555
- Price could fall towards $150 if break below $260. Need to watch carefully.
- Now you can directly buy Litecoin by fiat currency, no need BTC tokens, eg. coinbase
- Litecoin has its own image, it’s not a competitor of Bitcoin or Ethereum,
- It carries less downfall risk than Bitcoin or Ethereum and much older by age comparing other alt coins.
- Founded by trusted people like Charlie Lee , Shaolifry (one of the great mind behind Bitcoin’s protocol)
- Supply only 54 millions. And overlooked & undervalued by mass crowd.
Hope you enjoy my simple and logical analysis; you can find the in-depth technical analysis for more profitability on my website or to this telegram channel and my Twitter. Stay updated.