Popular altcoin analyst and whale Kaleo says an exit rally is in sight for leading smart contract platform Ethereum (ETH). He also talks about BNB and LTC. Here are the details…
Kaleo bullish on leading altcoin ETH and BNB
The crypto analyst, known in the industry as Kaleo, tells his 531,000 Twitter followers that Ethereum has broken the cross-resistance against Bitcoin (ETH/BTC). She says the BTC/ETH pair looks set for a new uptrend. The chart below shows “ETH/BTC finally looks set to rise… This is bullish.” he shares. At the time of writing, the ETH/BTC pair is trading at 0.073 BTC ($1,675).
Kaleo is also bullish on BNB, the utility of crypto exchange giant Binance. According to the crypto strategist, BNB recorded an all-time high against Bitcoin. So it looks strong. cryptocoin.comAs we reported, BNB’s record against BTC was also voiced by Binance CEO Changpeng Zhao.
BNB/BTC is in a real downtrend. It continues to rise in price discovery today.
Litecoin rises on BTC pair
Looking at Bitcoin itself, on the other hand, Kaleo predicts a short pullback for BTC around $22,000 before king crypto reaches its $28,000 target. The last crypto asset on the investor’s radar has been the peer-to-peer payment protocol Litecoin (LTC). According to Kaleo, LTC is bullish after the pair breaks out of a major resistance. According to the analyst, one of the scariest things in the market right now is the bullish image of LTC. The multi-year high time frame LTC/BTC breakout is marked above this on the low time frame.
Litecoin has always been an asset that neither shines nor disappears. Existing only in the background, LTC has managed to sustain itself with the changing markets and demands of investors. Today, it is starting to attract more attention from investors in this way. It didn’t hit the market with a bang this year. Despite getting worse as time went on, LTC still managed to rally investors. In fact, more people joined the network and the entity than before after the May crash. Between January and May, approximately 1.3 million new people became investors. This figure increased from 4.26 million to 5.51 million in five months.
However, just after May and at the time of writing, approximately 1.24 million new investors have been added to the network. The altcoin, which was close to the downtrend line for all five months between November 2021 and April 2022, slipped far below during the May crash.
