Notable Trader Highlights Two Intriguing Altcoins Amid 2023 Crypto Rally, Shares Latest Ethereum (ETH) Outlook
The crypto trader who skillfully navigated the 2023 rally in digital asset markets is now focusing on two intriguing large-cap altcoins. In a recent strategy session, popular trader DonAlt shares his insights with over 50,700 YouTube subscribers. One of the altcoins that caught his attention is LDO, the native token of Lido DAO’s liquid staking service. Despite a significant retracement from its recent high, DonAlt finds LDO attractive for expressing bullish sentiment. Another altcoin on his radar is Litecoin (LTC), the peer-to-peer payments network.
DonAlt sees potential in LTC due to the upcoming halving event, which is approximately 80 days away. He believes that the 50-day window before the halving is crucial for the Litecoin move to unfold. Regarding Ethereum (ETH), DonAlt notes that the leading smart contract platform is exhibiting resilience by not breaking down completely after facing resistance. If ETH continues to consolidate without significant downside movement for the next two weeks, DonAlt believes it could present an interesting opportunity for long positions.
Clever Robot News Desk 22nd May 2023