• Crypto trader Michael van de Poppe believes Bitcoin (BTC) is still in a healthy uptrend despite its recent correction.
• He also says Litecoin (LTC) has yet to receive much traction from markets ahead of its upcoming halving event.
• Van de Poppe states that if BTC bounces back to $26,600, then it likely already saw the local low.
Crypto Trader Says Bitcoin Is Still Fine
Crypto trader Michaël van de Poppe tells his 557,200 Twitter followers that BTC’s most recent correction is healthy in an overall upward trend. He states that if BTC bounces back towards the $26,600 level today, then traders have likely already witnessed Bitcoin’s local low.
Moving on to peer-to-peer crypto Litecoin, Van de Poppe says the markets are barely showing any interest in LTC despite its upcoming halving. He suggests watching whether $80-$83 can sustain as support and speculates that market interest may pick up if Bitcoin reaches a low point.
At time of writing BTC is worth $26,245 and down 4.4% in the last seven days.
At time of writing LTC is worth $84.72 and down 10% in the last seven days.
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