Four Potential Altcoin Picks Heading Into 2020
For the altcoin fans out there:
Crypto Trader Unveils Four Potential Altcoin Picks Heading Into 2020, Warns XRP Hitting Critical Area of Support
Crypto analyst Nicholas Merten thinks XRP, Basic Attention Token, Chainlink and Ravencoin will be the altcoins to watch in 2020.
On a new episode of DataDash, Merten, who has been bullish on altcoins in the past, broke down what he looks for in cryptocurrencies in terms of market metrics.
“What I like to see here with these altcoins is that during all the silence we’ve been seeing higher lows here.”
Higher lows happen when an asset bounces off fresh lows at higher prices than the previous lows. When this happens during a downtrend, the movement is often perceived as a reversal signal.
Merten says both Basic Attention Token (BAT) and Chainlink (LINK) have posted higher lows despite this “ *** period of time” for cryptocurrencies. At time of writing, BAT is up 3.94% at $0.1839, according to CoinMarketCap. Chainlink is up 1.43% at $2.03.
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