A veteran crypto dealer is taking to the charts to see the place 4 of the highest cryptocurrencies are headed within the spring months.
Pseudonymous crypto analyst Kaleo tells his 475,300 Twitter followers that after the latest Bitcoin (BTC) rally, he expects BTC to rise a bit extra however then meander within the mid-$50,000 vary.
“The pump has been spot on to date.
My macro-bullish bias hopes the remainder of that is unsuitable and we simply proceed to pump eternally, however have a sense we hit the breaks and chop for a bit within the mid-50s.”
At time of writing, Bitcoin is down 1.53% and buying and selling for $47,040. The main crypto asset by market cap remains to be up 9.8% from every week in the past.
Kaleo additionally has his eye on peer-to-peer digital forex Litecoin (LTC). The dealer says whereas the altcoin has finished properly in opposition to the US greenback, he’s unsure the way it will fare within the LTC/BTC buying and selling pair.
“To date Litecoin (USD) has continued to climb piggybacking on BTC / market power, however has didn’t do something particular in and of itself.
Ready for the BTC pair to interrupt up from right here, if not simply F me, I’ll proceed to really feel the ache I deserve.”
Litecoin is up a p.c and valued at $131.07. The twenty second largest crypto asset by market cap is up 8.2% from a weekly low of $121.06.
Subsequent on the pseudonymous dealer’s listing is Dogecoin (DOGE). Following up on a March twenty third tweet wherein he anticipated the dog-themed meme coin mirroring a 2018 rally, Kaleo remains optimistic after it rose by almost 20%.
“DOGE is up ~20% from the preliminary entry, nonetheless ready on the day we’ll see a few huge legs up although. Persistence pays.”
Dogecoin at time of writing is down 3.32% and buying and selling for $0.14 It’s up a few penny from its weekly low on March twenty fifth.
Final on the chart guru’s listing is stablecoin issuer Terra (LUNA). In gentle of the altcoin’s latest breakout from the $90 vary beginning on March twenty seventh, the dealer expects it to work previous $150 throughout this cycle.
“LUNA lastly entered into value discovery.
Because the resistance I’m taking a look at is a rising diagonal – a slight delay within the strategy means a barely increased goal vary.
On the lookout for $150 – $180 this leg.”
Terra is presently down 1.3% on the day and exchanging arms for $105.59.
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Featured Picture: Shutterstock/Oleksandra Klestova/MrArtHit/Chuenmanuse
