Analyst Predicts Rallies for Bitcoin Cash, Litecoin, Pepe and One Ethereum Rival
A widely followed crypto analyst is predicting 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 that the Bitcoin (BTC)-hard fork BCH will continue the rally it sparked last month that saw it go around the $106 level to a peak of $321.89 on June 30th, a 202% increase.
“Have a good feeling BCH is far from done.”
Bitcoin Cash has since retraced and is trading for $283 at time of writing.
The strategist then turns his attention toward Litecoin, saying that he’d “punt” the crypto asset once it lands somewhere between the $95 to $105 range, but says the altcoin could rally back up to the $110 area due to hype surrounding its upcoming halving date in August.
“I’m a fan of punting on LTC in the $95-$105 range after the pullback off HTF [high time frame] resistance. With hype around the halving coming up only a month away, I think there’s potential we could see a decent squeeze at a reclaim of $110+ on the HTF bearish trend break.”
Furthermore, Kaleo’s charts indicate that he believes the LTC/BTC pair will skyrocket above $0.0040. At time of writing, it is valued at $0.003432 while Litecoin is trading for $97.30.
Moving on to the popular meme asset PEPE, Kaleo says he’s “seeing some movements on the front lines,” and that he envisions the altcoin going back up to the $0.0000036 range, a price it hasn’t seen since early June.
PEPE is trading for $0.000002 at time of writing.
The trader concludes his analysis by saying that smart contract platform Solana (SOL) is ready to burst over the $20 price tag.
SOL is trading for $19.75 at time of writing.
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