A popular crypto strategist says that a breakout rally is in sight for leading smart contract platform Ethereum (ETH).
The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken out of its diagonal resistance against Bitcoin (ETH/BTC), and the pair looks primed for a new leg up.
“ETH/BTC looks ready to finally rip higher… This is bullish.”
At time of writing, the ETH/BTC pair is trading for 0.073 BTC ($1,675).
Kaleo is also bullish on BNB, the utility token of crypto exchange giant Binance. According to the crypto strategist, BNB looks strong as it prints a fresh all-time high against Bitcoin.
“BNB/BTC is an actual tank. Continuing higher in price discovery today.”
Looking at Bitcoin itself, Kaleo predicts a brief pullback for BTC to around $22,000 before the king crypto rallies to his target at $28,000.
“Gonna happen but you wouldn’t believe it.”
The last crypto asset on the trader’s radar is peer-to-peer payments protocol Litecoin (LTC). According to Kaleo, LTC looks bullish against Bitcoin (LTC/BTC) after the pair broke out of a major resistance.
“One of the scariest things in the market right now is how bullish Litecoin looks. Multi-year high timeframe LTC/BTC breakout, flagging above it on low timeframe.”
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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.
Feature Image: Shutterstock/increation87