A closely followed crypto trader is issuing a “last warning” that calls for one large-cap altcoin to potentially explode, and he’s also revealing what he thinks is in store for Bitcoin for the next two months.
The pseudonymous analyst known as Inmortal tells his 58,500 Twitter followers that Litecoin (LTC) is poised to “teleport to $200.”
Teleport $LTC to $200 pic.twitter.com/TX8lcYsNDc
— Inmortal (@inmortalcrypto) August 7, 2021
Inmortal says that LTC appears to be building support on top of a crucial EMA (exponential moving average) and could be ready to blast off.
“Last warning, LTC is going to explode.”
As for Bitcoin (BTC), the trader expects the world’s biggest crypto by market cap to cool off before it begins grinding its way up to $60,000 in September.
“I’m expect something like this.”
The popular trader has previously called for Bitcoin to make new all-time highs by November. He says, however, that a “flippening,” or an overtaking of Bitcoin’s market cap by Ethereum (ETH), is in the cards for the leading smart contract platform.
“This consolidation will come to an end soon. The flippening is knocking the door.”
At time of writing, ETH/BTC is trading at 0.068 BTC, worth about $2,954. Inmortal’s prediction implies a 61% increase for the pair in less than two months should ETH/BTC hit his target of 0.11 BTC ($4,779).
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/agsandrew