A broadly adopted crypto analyst says the top-ten altcoin Polygon (MATIC) seems on monitor to hit an all-time excessive towards Bitcoin (BTC).

Pseudonymous digital asset dealer Crypto Kaleo tells his 551,200 Twitter followers that blockchain scaling resolution Polygon seems to be bullish towards Bitcoin (MATIC/BTC) after retesting a key diagonal resistance as help.

“MATIC/BTC has nonetheless been slowly grinding increased on this vary. Zooming out, the plan stays the identical. New all-time excessive imminent.”

Image
Supply: CryptoKaleo/Twitter

Based mostly on the dealer’s chart, he seems to be predicting a pointy rally for MATIC/BTC en path to a recent all-time excessive round 0.00007 BTC ($1.20). At time of writing, MATIC/BTC is altering fingers for 0.00005274 ($0.90), suggesting an upside potential of over 32% for the pair.

Kaleo subsequent shifts his focus to Bitcoin, predicting that BTC will rally above $18,000 after a slight pullback under $17,000 within the coming days.

“They mentioned it was going to zero however we’re again on the vary highs. $18,000 is a magnet.”

Image
Supply: CryptoKaleo/Twitter

At time of writing, Bitcoin is buying and selling fingers at $17,149, a fractional dip on the day.

Kaleo additionally analyzes peer-to-peer funds community Litecoin (LTC), saying its run towards Bitcoin (LTC/BTC) shouldn’t be but over.

“LTC/BTC ratio completed retesting the current highs this weekend. Nonetheless anticipating Litecoin to proceed to outpace the market within the close to future.”

Image
Supply: CryptoKaleo/Twitter

Based on Kaleo’s chart, he expects LTC/BTC to climb towards his goal of round 0.0058 BTC ($99.40). At time of writing, LTC/BTC is swapping fingers for 0.00444 BTC ($76.09), suggesting a attainable 30% swing to the upside for the pair ought to it hit Kaleo’s goal.

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Examine Price Action

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you could incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate internet marketing.

Featured Picture: Shutterstock/issaro prakalung




Source link