Analyst Bullish on $GRT, $FET, and $LTC

A crypto strategist known for accurately predicting Bitcoin’s bear market bottom in 2018 has turned his attention to two low-cap altcoins and one established coin.

According to a report by The Daily Hodl, the analyst, who goes by the pseudonym Bluntz, recently shared his bullish outlook on The Graph (GRT), Fetch.ai (FET), and Litecoin (LTC) with his 223,100 Twitter followers.

Bluntz pointed out that GRT, a blockchain-indexing protocol, seems to be following a similar price pattern to Bitcoin’s earlier this year when it surged from $17,000 to over $30,000. He noted that GRT had broken out of an ascending channel and could be heading towards his target of $0.135.

Next on his radar is Fetch.ai (FET), a decentralized machine-learning network. Bluntz suggested that FET looks bullish after bouncing near the 0.786 Fibonacci level. At the time of his analysis, FET was trading at $0.265.

Bluntz also highlighted Litecoin (LTC), a peer-to-peer payments network. He suggested that Litecoin could be heading towards his target of $100 after holding the 0.618 Fibonacci level as support.

Interestingly, Bluntz noted a lack of enthusiasm in the crypto market despite signs of bullishness. He inferred that many traders might be sitting on the sidelines, waiting for clearer signals before jumping back in.

At the time of writing (8:25 a.m. UTC on May 31, 2023), $GRT, $FET, and $LTC are trading at around $0.130 (up 2.93%), $0.270 (up 2.19%), and $89.60 (down 2.27%).

Featured Image Credit: Photo / illustration by “WorldSpectrum” via Pixabay

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