A leading crypto trader and analyst looks at six altcoins that he says have the potential to spark major rallies.
Analyst named Kaleo says other investors are underestimating Litecoin (LTC). She believes that the coin, often referred to as digital silver, is ready to follow the 2017 bull rally and gain over 1,000% from its current price of $ 203.
“LTC 2017 fractal. If this works, there is still time to save, but you understand why saving slowly is worth it…
Now is the time to accumulate LTC. Litecoin usually has vertical movements against BTC from its maximum pain points. When it finally explodes, it will move faster than you have time to enter FOMO. Now buy some every day. Then thank yourself. ”
The trader believes the decentralized oracle network will follow in the footsteps of Solana (SOL), which has more than doubled in value in a matter of weeks.
The third coin on Kaleo’s list is Algorand (ALGO), a project aimed at developing a scalable, secure and decentralized blockchain.
He says the crypto asset is set to climb to $ 6.00 in a 242% rally from its current $ 1.75 price.
“Don’t forget the big picture. ALGO is just warming up. ”
Kaleo also has investments in Stellar Lumens (XLM), Balancer (BAL) and Band Protocol (BAND).
When it comes to Bitcoin, the crypto strategist says it is not too late for investors to jump into the biggest crypto asset.
“Bitcoin / BTC. We are still early. ”
According to Kaleo’s chart, Bitcoin is taking a page out of the 2017 bull market, where it consolidated below $ 2,000 before hitting an all-time high of $ 20,000.
This time, the trader believes that Bitcoin is paving the way for a meteoric rise that will raise BTC to $ 250,000 by July 2021.