Potential Reversal Levels Are Here For Ethereum, Binance Coin and Litecoin

There are all kinds of crypto predicitons released these days. Check out the latest ones involving Litcoin, Binance Coin, and Ethereum.

An important crypto analyst is outlining key price levels where he believes crypto bulls would step in and trigger reversals for Ethereum (ETH), Binance Coin (BNB) and Litecoin (LTC).

In a new video update, analyst Michaël van de Poppe said not too long ago that Ethereum is at risk of further downside unless it can reclaim support at $1,785.

“This entire area of $1,785 is something we need to sustain. Otherwise, we are going to look at a case that I think we are going to retest the area around $1,600 and have the reversal taking place.”

At the moment of writing this article, ETH is trading in the red and the coin is priced at $1,634.

A move toward Van de Poppe’s reversal area suggests an over 8% decline for leading altcoin.

As we said above, the analyst is also looking at Binance Coin, the utility token of the world’s largest crypto exchange.

Van de Poppe said the following about the digital asset:

“We need to reclaim the area of [$270] in order to prevent a market breakdown. We did have this market breakdown, and now we’re looking at potentially taking this liquidity beneath the low here for Binance Coin before we are most likely going to reverse. So I’m looking at bids in this range ($200) if we’re going to get that.”

Regarding the peer-to-peer payments network Litecoin, Van de Poppe stated the fact that LTC may be close to ending its correction.

“I think if we are going to have a reversal taking place, this is the range that we’re looking at, perhaps towards $70 to $73. If that is going to be the case, then I think we’re going to have a swift rally back up.”