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 this point.
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 continues to be up 9.8% from every week in the past.
Kaleo additionally has his eye on peer-to-peer digital foreign money Litecoin (LTC). The dealer says whereas the altcoin has carried out properly towards the US greenback, he’s unsure the way it will fare within the LTC/BTC buying and selling pair.
“Thus far Litecoin (USD) has continued to climb piggybacking on BTC / market energy, however has did not 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 % 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 checklist is Dogecoin (DOGE). Following up on a March twenty third tweet during which 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 checklist is stablecoin issuer Terra (LUNA). In mild 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 worth discovery.
Because the resistance I’m is a rising diagonal – a slight delay within the method means a barely larger goal vary.
Searching for $150 – $180 this leg.”
Terra is at the moment down 1.3% on the day and exchanging fingers for $105.59.
Examine Price Action
Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any loses chances are you’ll incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in affiliate internet marketing.
Featured Picture: Shutterstock/Oleksandra Klestova/MrArtHit/Chuenmanuse
