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 without end, 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 foreign money Litecoin (LTC). The dealer says whereas the altcoin has performed properly towards the US greenback, he’s unsure the way it will fare within the LTC/BTC buying and selling pair.
“To this point Litecoin (USD) has continued to climb piggybacking on BTC / market energy, 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 % 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 by which he anticipated the dog-themed meme coin mirroring a 2018 rally, Kaleo stays 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 large 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 couple of penny from its weekly low on March twenty fifth.
Final on the chart guru’s listing 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 greater goal vary.
On the lookout for $150 – $180 this leg.”
Terra is at the moment down 1.3% on the day and exchanging arms for $105.59.
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