A crypto dealer who appropriately referred to as the 2018 Bitcoin (BTC) bear market backside is predicting a robust burst to the upside for Litecoin (LTC).
Pseudonymous dealer Bluntz tells his 223,300 Twitter followers that the peer-to-peer funds community Litecoin seems poised to surge forward of its halving occasion slated for August.
In accordance with the crypto strategist, LTC appears bullish on each its USD and BTC pairs.
“I believe LTC is lastly gearing up for the halving run.
Trying a 195-day vary breakout on the USD pair and likewise firmly again into the prior breakdown vary on its BTC pair indicating a transfer to the top quality.
One other one I’m completely satisfied to carry for a long-term swing.”
Wanting on the analyst’s chart, he seems to foretell a Litecoin rally towards $140. At time of writing, LTC is buying and selling for $107.16, suggesting an upside potential of over 30% ought to Litecoin hit Bluntz’s goal.
Turning to Ethereum (ETH) competitor Solana (SOL), Bluntz says that the Eleventh-largest crypto asset by market cap is flashing a bullish studying towards Bitcoin (SOL/BTC).
“Practically 10% four-hour candle on SOL plus a really good every day engulfing forming on the BTC pair.”
At time of writing, the SOL/BTC pair is buying and selling for 0.0006069 BTC price $18.49.
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