Trader Says One Large-Cap Altcoin Appears Ready To Outperform Bitcoin, Forecasts New All-Time High Against BTC

A widely followed crypto analyst says that the top ten altcoin Polygon (MATIC) looks on track for an all-time high against Bitcoin (BTC).

Digital asset trader pseudonym Crypto Kaleo He says his 551,200 Twitter followers that blockchain scaling solution Polygon appears bullish on Bitcoin (MATIC/BTC) after retesting a key diagonal resistance for support.

“MATIC/BTC has still been slowly rising in this range. Walking away, the plan remains the same. New all-time high imminent.

Source: CryptoKaleo/Twitter

Based on the trader’s chart, he appears to be forecasting a strong rally for MATIC/BTC en route to a new all-time high of around 0.00007 BTC ($1.20). At time of writing, MATIC/BTC is changing hands for 0.00005274 ($0.90), suggesting more than 32% upside potential for the pair.

Kaleo then shifts its focus to Bitcoin, predicting that BTC will rise above $18,000 after a slight pullback below $17,000 in the coming days.

“They said it was going to zero, but we are back at the highs of the range. $18,000 is a magnet.”

Source: CryptoKaleo/Twitter

At the time of writing, Bitcoin is trading at $17,149, a fractional drop on the day.

Kaleo also discusses the peer-to-peer payment network Litecoin (LTC), saying your race against Bitcoin (LTC/BTC) is not over yet.

“LTC/BTC ratio finished retesting recent highs this weekend. I still expect Litecoin to continue to outperform the market in the near future.”

Source: CryptoKaleo/Twitter

Based on the Kaleo chart, he expects LTC/BTC to rally towards its target of around 0.0058 BTC ($99.40). At the time of writing, LTC/BTC is changing hands for 0.00444 BTC ($76.09), suggesting a possible 30% upside swing for the pair should it hit the Kaleo target.

Don’t miss the beat Subscribe to receive crypto alerts via email directly to your inbox

Check price action

follow us Twitter, Facebook Y Telegram

Browse Hodl’s Daily Mix

Check the latest news headlines


Get Alerts

Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.

Featured image: Shutterstock/issaro prakalung