Ethereum Hits All-Time Highs; Litecoin Readies the Launchpad

Here’s what’s happening.As Bitcoin gears up for another leg higher, what are these two top altcoins up to? In this edition, we analyse Ether/Dollar and Litecoin/Dollar, both of which have clear upside potential even at this stage of the bull market.Meanwhile, a formal US tapering date is expected to be announced at today’s FOMC meeting. Will this cause a taper tantrum, or is it already priced in?Let’s dig in.Bitcoin Eyes FOMC Meeting After Recording Highest Monthly Gain EverBitcoin’s October rally has placed the cryptocurrency on solid footing ahead of a central bank meeting in the US, UK, and Australia, which aims to assess the stickiness of worrying levels of inflation.Check out the full article here!From now on, one of the semi-weekly newsletters will be dedicated towards altcoins (in no specific order). The selection of coins may vary, but this should give a broader understanding of the crypto markets, so stay tuned!Ethereum hits new highsETH/USD has joined the all-time high frenzy in an as yet anticlimactic move above $4,400.The crypto sliced through its previous high at $4,000 for several days but has now captured the phycological level decisively so far.When it comes to targets, we can use the normal tools at our disposal — i.e., fib extensions. Provided the breakout doesn’t result in a deviation, then the 1.618 fib extension lands ETH/USD at $6,070. That’s a 33.5% increase from current prices ($4,540).However, rotating out of ETH/USD into Bitcoin depending on key resistance levels on the ETH/BTC pair could go a long way. The 0.077 Satoshi level is one such level to de-risk into bitcoin or USD. On the flip side, 0.052 would be a level to pick up some eth.On the dollar pair, ETH/USD 20-daily EMA ($4,150) has provided strong trending support. Lose that, and bullish deviation setups become invalidated, opening…