Veteran trader Peter Brandt believes a large-cap altcoin that’s been surging as of late has one of the most bullish charts in crypto.
Brandt tells his 760,700 followers on the social media platform X that cross-border payments solution XRP is in the midst of a massive breakout.
The trader shares a chart suggesting that XRP’s market cap has cleared the diagonal resistance of a massive triangle pattern that has kept the market bearish for over seven years.
“This the most powerful chart in all of crypto world XRPUSD.”
At time of writing, XRP is trading for $2.51 with a market cap of over $142.621 billion.
Another altcoin on Brandt’s radar is the payments-focused coin Litecoin (LTC). The veteran trader says it is within the realm of possibility that LTC will follow in the footsteps of XRP.
“This has the potential to become another powerful chart LTC.”
At time of writing, LTC is worth $131.41.
Turning to Bitcoin (BTC), Brandt says he’s bullish on the crypto king over a long arc of time, despite the possibility that other coins or some US stocks may outperform the top digital asset by market cap.
“Many individual stocks will outperform Bitcoin in the next five to ten years. Of course, which stocks – that’s the unknown.
Yet, given the choice over the next five and 10 years between BTC on the one hand and a randomly chosen growth stock on the other hand (or any meme or altcoin) – I choose Bitcoin.
My point is that younger gens have their expectations way too high.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post Trader Peter Brandt Unveils ‘Most Powerful Chart’ in Crypto, Sees a Large-Cap Coin Potentially Following Suit appeared first on The Daily Hodl.
