A popular crypto analyst is offering an update on the altcoin market and his positions in several top altcoins.
The pseudonymous analyst, who goes by the name DonAlt, tells his 166,000 Twitter followers that he recently exited a leveraged position in XRP
He says he’s happy with the gains and wary of potential changes in Germany’s laws on derivatives.
In the short-term, he says the digital asset needs to remain above the $0.47 to $0.52 support region to avoid a much larger move to the downside.
DonAlt says Chainlink recently looked as though it was starting to show strength, but it’s once again beginning to show sell signals.
The trader also says he recently took a small position in Litecoin, bluntly telling fellow traders not to copy his moves. He calls LTC his coin of choice in the next alt season, and expects it to do well once Bitcoin finally finds a top.