A popular crypto analyst is preparing for massive rallies from three large-cap altcoins.
Pseudonymous trader Kaleo tells his 182,000 followers that the Bitcoin forks Dogecoin (DOGE) and Litecoin (LTC), along with the smart contract platform and Ethereum rival Solana (SOL) are all set to rally in the short term.
Kaleo says he remains convinced that Dogecoin is on an inevitable path to $1.00, fueled by the WallStreetBets crowd that pushed GameStop to incredible heights back in January.
“DOGE to a dollar will be memed into existence. DOGE/BTC is the strongest looking chart out there at the moment… Dogecoin is the new GameStop.”
In addition, Kaleo believes it won’t be long before Litecoin hits a new all-time high, noting that it is breaking out of a downward trend in its Bitcoin pair as well.
“Several days before LTC went vertical in 2017, it had a 26% down day where weak hands got rid of their Litecoin.
From there, it returned to the highs and then did more than 4x to over $400. I feel like we just saw something similar happen yesterday.”
The trader says he’s also long on Solana, given the strength of its Bitcoin pair.
“Just giga-longed SOL. If SOL breaks above the diagonal in the area I highlighted below, every single target you have is too bearish compared to how high this will fly.”
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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.
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