A broadly adopted crypto analyst says the top-ten altcoin Polygon (MATIC) seems on observe 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 appears to be like bullish towards Bitcoin (MATIC/BTC) after retesting a key diagonal resistance as assist.
“MATIC/BTC has nonetheless been slowly grinding larger on this vary. Zooming out, the plan stays the identical. New all-time excessive imminent.”
Based mostly on the dealer’s chart, he seems to be predicting a pointy rally for MATIC/BTC en path to a contemporary all-time excessive round 0.00007 BTC ($1.20). At time of writing, MATIC/BTC is altering arms 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.”
At time of writing, Bitcoin is buying and selling arms 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) isn’t 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.”
In accordance with 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 arms for 0.00444 BTC ($76.09), suggesting a potential 30% swing to the upside for the pair ought to it hit Kaleo’s goal.
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Featured Picture: Shutterstock/issaro prakalung
