A widely followed crypto analyst predicts rallies for Bitcoin Cash (BCH), Litecoin (LTC), meme asset Pepe (PEPE) and one Ethereum (ETH) competitor.
Pseudonymous crypto trader Kaleo tells his 593,100 Twitter followers that he believes the Bitcoin (BTC) hard fork BCH will continue the rally it started last month, moving around the $106 level to a peak of $321.89 on June 30 , an increase of 202%.
“Have a good feeling BCH is far from done.”
Bitcoin Cash has since withdrawn and is trading for $283 at time of writing.
The strategist then turns his attention to Litecoin, proverb that he would “punt” the crypto asset once it hits somewhere between $95 and $105, but says the altcoin could surge back into the $110 area due to the hype around its upcoming August half date.
“I am a fan of punting on LTC in the $95-$105 range after HTF pullout [high time frame] resistance. With the hype around the halving not coming for another month, I think there is potential that we could see some decent push on a $110+ rebound on the HTF bearish trend reversal.
Also the maps of Kaleo assign that he believes the LTC/BTC pair will skyrocket above USD 0.0040. At the time of writing, it is valued at $0.003432 while Litecoin is trading at $97.30.
Moving on to popular meme asset PEPE, Kaleo says he’s “seeing some movement on the frontline,” and that he imagines the altcoin is moving back to the $0.0000036 range, a price it has not seen since early June.
PEPE is trading at $0.000002 at the time of writing.
The trader concludes his analysis by saying that the Solana (SOL) smart contract platform is ready eruption above the $20 price tag.
SOL is trading at $19.75 at the time of writing.
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Image generated: Midway through the journey