A crypto trader who correctly called the 2018 Bitcoin (BTC) bear market bottom is predicting a strong breakout to the upside for Litecoin (LTC).
Pseudonymous trader Bluntz tells are 223,300 Twitter followers that the peer-to-peer payment network Litecoin seems poised to rise ahead of the halving planned for August.
According to the crypto strategist, LTC looks bullish on both the USD and BTC pairs.
“I think LTC is finally gearing up for the halving.
Attempting a 195 day breakout on the USD pair and also firmly back in the earlier breakdown range on its BTC pair, indicating a move towards the top of the range.
Another one I like to hold for a long swing.
Looking at the analyst’s chart, he appears to be predicting a Litecoin rally towards USD 140. At the time of writing, LTC is trading at USD 107.16, suggesting more than 30% upside potential if Litecoin were to meet Bluntz’s target.
As for Ethereum (ETH) competitor Solana (SOL), Bluntz say that the 11th largest crypto asset by market capitalization is bullish against Bitcoin (SOL/BTC).
“Nearly 10% four hour candle on SOL plus a very nice daily flood on the BTC pair.”
At the time of writing, the SOL/BTC pair is trading for 0.0006069 BTC worth $18.49.
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