ETH and LTC New Price Predictions Are Out

There are new predictions about the prices of some digital assets. Check out the latest reports about ETH and LTC below.

A crypto trader who correctly called Bitcoin’s (BTC) bottom in November and sold its recent top at about $24,700 has now fully reentered the market.

The pseudonymous analyst DonAlt says he bought BTC at $23,000 – which he warns is a make or break level in the short-term.

“In general, my target has been reached, and I just felt naked not having the position, so I bought early.

But if this dump stays like this, I’m actually getting bearish signals. This needs to pump basically to invalidate the bearish case before the monthly closes. Otherwise, we’re going to have some trouble…”

He continued and said:

“I think there is quite a bit of risk here. If the monthly closes like this, we have a monthly and weekly bearish setup. That’s something that you don’t necessarily want to fade.

And if we’re showing weakness here, we break down over the next few days, and the monthly closes poorly, I might actually consider just closing if we don’t move too low and then rebuying $20,000. Not entirely sure yet.”

It’s been just revealed that the crypto exchange Coinbase is struggling as a result of the bear market. The CEO, Brian Armstrong, says they’re built for the long term.

During an earnings call on Wednesday, Armstrong says that the industry is going through one of those difficult periods in the crypto cycle.

“The narrative in crypto tends to flip every two years. It’s either irrational exuberance or despair. Neither one is true at any given time, but we’re in one of those despair phases right now.”