A closely-followed trader predicts what may come next for Chainlink, Litecoin and two altcoins as the crypto markets turn green. Detail cryptocoin.com‘in.
4 altcoins will explode
The pseudonymous analyst, known as Altcoin Sherpa, tells his 145,000 Twitter followers that Litecoin is facing a resistance level that could take LTC to a 25% rally if it breaks. Analyst: “LTC: If we clear this area, I wouldn’t be surprised if I see mid-$300.” According to the analyst’s chart, if it holds the $290 mark, it sees $369 as the next major level to breach. According to the analyst’s chart, if the $290 mark holds, $369 is seen as the next major level to breach.
Next up is the decentralized Oracle network Chainlink (LINK). The analyst draws a chart showing that LINK has potentially broken a resistance that has failed three times before. The next price level for LINK after the $34 mark is $42, which would be a potential rally of around 23%.
The next altcoin an investor looks at is DYDX, the management token of the dYdX decentralized exchange (DEX). According to altcoin Sherpa, the hype surrounding DYDX is less than usual, which could be a sign that it’s poised for an under-the-radar move. Analyst: “DYDX: Still a good project. When people don’t care about it and it piles up, it’s probably time to buy. It’s not an active trade, it’s just a good trade to buy and hold for a few weeks,” he says.
Finally, the crypto analyst has Kusama (KSM) on his radar. “KSM: I expect this to recover but don’t think it will outperform BTC,” says the analyst.
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